Lululemon Athletica's Options: A Look at What the Big Money is Thinking

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 22 trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 14 are puts, for a total amount of $1,716,265 and 8, calls, for a total amount of $352,232.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $400.0 for Lululemon Athletica during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Lululemon Athletica's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lululemon Athletica's whale activity within a strike price range from $240.0 to $400.0 in the last 30 days.

Lululemon Athletica Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Lululemon Athletica's Current Market Status

• Trading volume stands at 1,036,610, with LULU's price down by -0.8%, positioned at $280.81.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 64 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 $362.4.

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. * An analyst from Piper Sandler has decided to maintain their Neutral rating on Lululemon Athletica, which currently sits at a price target of $315. * An analyst from Wells Fargo persists with their Equal-Weight rating on Lululemon Athletica, maintaining a target price of $315. * An analyst from Truist Securities persists with their Buy rating on Lululemon Athletica, maintaining a target price of $380. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Lululemon Athletica, targeting a price of $411. * An analyst from JP Morgan persists with their Overweight rating on Lululemon Athletica, maintaining a target price of $391.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lululemon Athletica with Benzinga Pro for real-time alerts.