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Traders Turn Big Gains In $LULU

Traders turn big gains in $LULU

It took less than a week for upside option positions to see enormous gains in Lululemon Athletica. On Tuesday, Investitute's tracking systems detected the purchase of 1,280 October $59.50 calls for $0.45 to $0.67 with shares at $58.96. Open interest in the strike was only 395 contracts, indicating that this was fresh buying. Those calls traded up to $3.44 late…

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