Lululemon (LULU) reported mixed Q1 2024 earnings Wednesday after the close. While I’m not willing to go short on one of Canada’s greatest retail success stories, yesterday’s unusual options activity suggests that some money can be made in the near term on weakness in its share price.
As I write this at Thursday’s open, LULU stock is up 4.5%, down from pre-market gains approaching 10%. I wouldn’t be surprised if it finished in negative territory by the end of the day.
