Whales with a lot of money to spend have taken a noticeably bullish stance on Lululemon Athletica.
Looking at options history for Lululemon Athletica LULU we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $108,780 and 8, calls, for a total amount of $459,764.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $400.0 to $540.0 for Lululemon Athletica over the last 3 months.
Analyzing 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 $400.0 to $540.0 in the last 30 days.
Lululemon Athletica Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | SWEEP | BULLISH | 01/19/24 | $430.00 | $134.9K | 868 | 1 |
| LULU | CALL | SWEEP | BULLISH | 12/15/23 | $440.00 | $96.0K | 698 | 0 |
| LULU | CALL | TRADE | BEARISH | 01/19/24 | $480.00 | $49.1K | 662 | 1 |
| LULU | CALL | SWEEP | BULLISH | 01/19/24 | $470.00 | $42.1K | 869 | 78 |
| LULU | PUT | TRADE | BULLISH | 01/19/24 | $450.00 | $40.0K | 610 | 0 |
About Lululemon Athletica
Lululemon Athletica Inc. 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 670 company-owned stores in 19 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
Following our analysis of the options activities associated with Lululemon Athletica, we pivot to a closer look at the company's own performance.
Present Market Standing of Lululemon Athletica
- Currently trading with a volume of 265,724, the LULU's price is up by 0.14%, now at $461.33.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 0 days.
What The Experts Say On Lululemon Athletica
5 market experts have recently issued ratings for this stock, with a consensus target price of $497.0.
- An analyst from Wells Fargo downgraded its action to Equal-Weight with a price target of $445.
- Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $500.
- Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $500.
- An analyst from TD Cowen has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $545.
- An analyst from Raymond James downgraded its action to Outperform with a price target of $495.
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.
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