A whale with a lot of money to spend has taken a noticeably bullish stance on Lululemon Athletica.
Looking at options history for Lululemon Athletica LULU we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $236,233 and 10, calls, for a total amount of $1,159,129.
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 $310.0 to $520.0 for Lululemon Athletica over the last 3 months.
Volume & Open Interest Development
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 $310.0 to $520.0 in the last 30 days.
Lululemon Athletica Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | TRADE | BEARISH | 09/15/23 | $390.00 | $713.7K | 338 | 15 |
| LULU | CALL | SWEEP | NEUTRAL | 05/05/23 | $367.50 | $102.9K | 151 | 115 |
| LULU | PUT | TRADE | BULLISH | 09/15/23 | $350.00 | $78.0K | 666 | 12 |
| LULU | CALL | TRADE | BULLISH | 05/12/23 | $367.50 | $58.6K | 294 | 118 |
| LULU | CALL | SWEEP | BEARISH | 09/15/23 | $370.00 | $58.3K | 131 | 19 |
Where Is Lululemon Athletica Standing Right Now?
- With a volume of 587,098, the price of LULU is up 0.1% at $373.2.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 36 days.
What The Experts Say On Lululemon Athletica:
- Barclays has decided to maintain their Overweight rating on Lululemon Athletica, which currently sits at a price target of $413.
- Morgan Stanley has decided to maintain their Overweight rating on Lululemon Athletica, which currently sits at a price target of $405.
- Telsey Advisory Group downgraded its action to Outperform with a price target of $425
- Stifel has decided to maintain their Buy rating on Lululemon Athletica, which currently sits at a price target of $460.
- UBS has decided to maintain their Neutral rating on Lululemon Athletica, which currently sits at a price target of $399.
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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