Deep-pocketed investors have adopted a bullish approach towards Lululemon Athletica LULU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LULU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Lululemon Athletica. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 61% leaning bullish and 30% bearish. Among these notable options, 7 are puts, totaling $364,999, and 6 are calls, amounting to $278,718.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $360.0 for Lululemon Athletica over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lululemon Athletica's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lululemon Athletica's significant trades, within a strike price range of $130.0 to $360.0, over the past month.
Lululemon Athletica Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LULU | PUT | SWEEP | BULLISH | 07/18/25 | $36.4 | $35.05 | $35.05 | $310.00 | $140.2K | 40 | 114 |
| LULU | CALL | SWEEP | BULLISH | 08/15/25 | $194.15 | $190.0 | $194.15 | $130.00 | $77.6K | 16 | 4 |
| LULU | CALL | SWEEP | BEARISH | 11/08/24 | $2.64 | $2.63 | $2.64 | $322.50 | $53.2K | 175 | 3 |
| LULU | PUT | TRADE | BEARISH | 07/18/25 | $35.45 | $35.1 | $35.45 | $310.00 | $53.1K | 40 | 40 |
| LULU | CALL | SWEEP | BULLISH | 08/15/25 | $157.5 | $157.35 | $157.5 | $170.00 | $47.2K | 6 | 6 |
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 700 company-owned stores in about 20 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.
Where Is Lululemon Athletica Standing Right Now?
- Trading volume stands at 249,671, with LULU's price up by 1.61%, positioned at $318.19.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 28 days.
Professional Analyst Ratings for Lululemon Athletica
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $370.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Lululemon Athletica with a target price of $360. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Lululemon Athletica, targeting a price of $380.
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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