Options traders are betting Lululemon could double its average post-earnings move into the weekend
as the athleisure company gears up to report quarterly results after the bell Thursday.
Lululemon is normally liable to move quite a bit after announcing earnings, averaging 5.8% in either direction across its last eight reported quarters. This time, however, the consensus among options traders seems to be that the stock could nearly double that. "Lululemon options traded very actively today, nearly three times the average daily volume, and because of the wreckage that we've seen out of retail stocks recently, options prices have been bid up substantially," OptionsPlay's chief strategist, Tony Zhang, said Wednesday on CNBC's"
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