Financial giants have made a conspicuous bullish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica LULU revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $343,522, and 4 were calls, valued at $168,101.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $440.0 and $490.0 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 $440.0 to $490.0 over the preceding 30 days.
Lululemon Athletica Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | SWEEP | BULLISH | 03/28/24 | $470.00 | $68.0K | 45 | 42 |
| LULU | PUT | TRADE | BULLISH | 07/19/24 | $460.00 | $58.3K | 46 | 26 |
| LULU | PUT | SWEEP | BEARISH | 03/15/24 | $450.00 | $55.4K | 1.6K | 742 |
| LULU | PUT | TRADE | BULLISH | 06/21/24 | $460.00 | $51.8K | 279 | 14 |
| LULU | CALL | TRADE | BULLISH | 07/19/24 | $490.00 | $42.4K | 63 | 16 |
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.
Present Market Standing of Lululemon Athletica
- With a volume of 450,158, the price of LULU is up 1.02% at $448.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 33 days.
Expert Opinions on Lululemon Athletica
In the last month, 2 experts released ratings on this stock with an average target price of $470.0.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $525.
- An analyst from Exane BNP Paribas has revised its rating downward to Underperform, adjusting the price target to $415.
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.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
