This Is What Whales Are Betting On Lululemon Athletica

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 18% of the investors opened trades with bullish expectations and 81% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $968,916 and 10, calls, for a total amount of $445,698.

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 $440.0 and $670.0 for Lululemon Athletica, spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Lululemon Athletica options trades today is 333.94 with a total volume of 2,096.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Lululemon Athletica's big money trades within a strike price range of $440.0 to $670.0 over the last 30 days.

Lululemon Athletica 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

After a thorough review of the options trading surrounding Lululemon Athletica, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Lululemon Athletica Standing Right Now?

• Currently trading with a volume of 202,565, the LULU's price is down by -1.33%, now at $498.68.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 83 days.

Professional Analyst Ratings for Lululemon Athletica

5 market experts have recently issued ratings for this stock, with a consensus target price of $491.2.

• An analyst from TD Cowen persists with their Outperform rating on Lululemon Athletica, maintaining a target price of $546.
• An analyst from BMO Capital persists with their Market Perform rating on Lululemon Athletica, maintaining a target price of $408.
• An analyst from Truist Securities has decided to maintain their Buy rating on Lululemon Athletica, which currently sits at a price target of $527.
• Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Lululemon Athletica, targeting a price of $525.
• An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Lululemon Athletica, which currently sits at a price target of $450.

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.