Financial giants have made a conspicuous bullish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica LULU revealed 24 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $231,640, and 19 were calls, valued at $1,307,635.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $340.0 and $620.0 for Lululemon Athletica, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Lululemon Athletica stands at 385.87, with a total volume reaching 1,501.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lululemon Athletica, situated within the strike price corridor from $340.0 to $620.0, throughout the last 30 days.
Lululemon Athletica Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | SWEEP | BULLISH | 12/20/24 | $530.00 | $289.5K | 0 | 0 |
| LULU | CALL | SWEEP | BEARISH | 01/17/25 | $520.00 | $172.4K | 299 | 58 |
| LULU | CALL | TRADE | BULLISH | 01/17/25 | $520.00 | $89.7K | 299 | 14 |
| LULU | CALL | SWEEP | BULLISH | 01/12/24 | $510.00 | $88.0K | 74 | 70 |
| LULU | CALL | SWEEP | BEARISH | 01/17/25 | $520.00 | $74.6K | 299 | 127 |
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.
Current Position of Lululemon Athletica
- With a trading volume of 244,822, the price of LULU is down by -0.44%, reaching $507.78.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 91 days from now.
Expert Opinions on Lululemon Athletica
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $522.8.
- An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $500.
- An analyst from TD Cowen persists with their Outperform rating on Lululemon Athletica, maintaining a target price of $546.
- An analyst from UBS has decided to maintain their Neutral rating on Lululemon Athletica, which currently sits at a price target of $470.
- An analyst from Deutsche Bank persists with their Buy rating on Lululemon Athletica, maintaining a target price of $502.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Lululemon Athletica with a target price of $596.
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.
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