How Option Pit Founder Sebastian Is Playing Lululemon

The video discusses the current earnings season, highlighting the market's low expectations and potential for better-than-expected results. It examines the Russell 2000's performance, noting its strength in financials and oil, and its role as a market indicator. The video also analyzes Lululemon's stock, emphasizing its recent highs and the trading strategy of buying calls to capitalize on potential stock rallies.

What is the significance of the Russell 2000 in market analysis?

What technical setup is observed in Lululemon according to the discussion?