Deep-pocketed investors have adopted a bearish 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 23 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 43% leaning bullish and 56% bearish. Among these notable options, 11 are puts, totaling $526,845, and 12 are calls, amounting to $901,816.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $320.0 to $640.0 for Lululemon Athletica during the past quarter.
Volume & Open Interest Development
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 $320.0 to $640.0, over the past month.
Lululemon Athletica Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | SWEEP | BULLISH | 01/17/25 | $500.00 | $425.0K | 145 | 50 |
| LULU | PUT | SWEEP | NEUTRAL | 09/20/24 | $640.00 | $134.3K | 0 | 11 |
| LULU | CALL | SWEEP | BULLISH | 01/12/24 | $515.00 | $63.7K | 102 | 2 |
| LULU | CALL | TRADE | BEARISH | 01/17/25 | $450.00 | $59.5K | 78 | 6 |
| LULU | CALL | TRADE | BEARISH | 01/17/25 | $350.00 | $56.8K | 103 | 3 |
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.
Having examined the options trading patterns of Lululemon Athletica, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Lululemon Athletica's Current Market Status
- Trading volume stands at 376,967, with LULU's price down by -0.09%, positioned at $508.74.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 88 days.
Professional Analyst Ratings for Lululemon Athletica
5 market experts have recently issued ratings for this stock, with a consensus target price of $483.8.
- Consistent in their evaluation, an analyst from Bernstein keeps a Market Perform rating on Lululemon Athletica with a target price of $400.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Lululemon Athletica, targeting a price of $408.
- An analyst from TD Cowen has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $545.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Lululemon Athletica with a target price of $520.
- An analyst from TD Cowen persists with their Outperform rating on Lululemon Athletica, maintaining a target price of $546.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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