High-rolling investors have positioned themselves bearish on Lululemon Athletica LULU, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LULU often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Lululemon Athletica. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $26,617, and 7 calls, totaling $462,966.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $430.0 and $500.0 for Lululemon Athletica, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lululemon Athletica's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lululemon Athletica's substantial trades, within a strike price spectrum from $430.0 to $500.0 over the preceding 30 days.
Lululemon Athletica 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | SWEEP | BEARISH | 04/19/24 | $500.00 | $210.8K | 897 | 0 |
| LULU | CALL | TRADE | BEARISH | 02/16/24 | $430.00 | $85.1K | 5 | 23 |
| LULU | CALL | SWEEP | BULLISH | 04/19/24 | $470.00 | $49.5K | 100 | 18 |
| LULU | CALL | SWEEP | NEUTRAL | 03/15/24 | $490.00 | $35.4K | 529 | 31 |
| LULU | CALL | TRADE | NEUTRAL | 03/15/24 | $500.00 | $28.9K | 818 | 72 |
About Lululemon Athletica
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 680 company-owned stores in 19 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
In light of the recent options history for Lululemon Athletica, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Lululemon Athletica's Current Market Status
- Trading volume stands at 562,981, with LULU's price up by 0.66%, positioned at $471.48.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 68 days.
Professional Analyst Ratings for Lululemon Athletica
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $550.3333333333334.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Lululemon Athletica, targeting a price of $561.
- An analyst from Keybanc persists with their Overweight rating on Lululemon Athletica, maintaining a target price of $570.
- An analyst from Raymond James has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $520.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lululemon Athletica, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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