[LULU] I am really tempted to short Lululemon

the price is still 22% up than pre-pandemic.
PE is 35 for a cloth company who makes overpriced elastic pants that only liberal women wear.
When recession starts to hit mid-class income, this is the first thing they will cut spending outside netflix.
any caveat about my analysis here?
I am thinking put a couple put options for end of this year.