Retail

Options traders falling out of love with Lululemon ahead of earnings

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It’s finally starting to look like Lululemon‘s rally may no longer be impervious to market conditions that have hampered similar retailers

After a wild run higher that saw the athleisure darling skyrocket more than 100% off the lows, the stock is pulling back ahead of Thursday’s scheduled earnings report, and sentiment in the options market is starting to turn sour. 

“Lululemon, right now, is implying a move of about 7.5% after they report earnings,” Michael Khouw, chief investment officer at Optimize Advisors, said Wednesday on “Fast Money.”

That implied move is signaling that the options market is actually pointing to less post-earnings volatility than Lululemon has produced in the…



Source cnbc.com

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