Lululemon Athletica Options Trading: A Deep Dive into Market Sentiment

Whales with a lot of money to spend have taken a noticeably bearish stance on Lululemon Athletica.

Looking at options history for Lululemon Athletica LULU we detected 38 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $633,089 and 25, calls, for a total amount of $1,081,989.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $580.0 for Lululemon Athletica during the past quarter.

Volume & Open Interest Development

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 $300.0 to $580.0 over the preceding 30 days.

Lululemon Athletica 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

After a thorough review of the options trading surrounding Lululemon Athletica, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Lululemon Athletica

• With a volume of 3,051,292, the price of LULU is up 0.52% at $405.29.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 66 days.

Professional Analyst Ratings for Lululemon Athletica

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $497.6.

• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Lululemon Athletica with a target price of $515.
• Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Lululemon Athletica with a target price of $550.
• Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Lululemon Athletica with a target price of $498.
• An analyst from Needham has decided to maintain their Buy rating on Lululemon Athletica, which currently sits at a price target of $500.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Lululemon Athletica with a target price of $425.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lululemon Athletica options trades with real-time alerts from Benzinga Pro.