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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 88% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $100,367 and 6, calls, for a total amount of $476,787.
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 $330.0 to $470.0 for Lululemon Athletica over the last 3 months.
Analyzing Volume & Open Interest
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 $330.0 to $470.0, over the past month.
Lululemon Athletica 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | SWEEP | NEUTRAL | 01/19/24 | $330.00 | $296.5K | 311 | 2 |
| LULU | CALL | TRADE | BEARISH | 12/15/23 | $360.00 | $48.0K | 137 | 9 |
| LULU | CALL | TRADE | NEUTRAL | 12/15/23 | $470.00 | $41.0K | 803 | 41 |
| LULU | PUT | SWEEP | NEUTRAL | 03/15/24 | $400.00 | $38.2K | 398 | 42 |
| LULU | CALL | TRADE | BEARISH | 12/15/23 | $360.00 | $36.7K | 137 | 4 |
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.
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.
Present Market Standing of Lululemon Athletica
- Trading volume stands at 166,157, with LULU's price up by 0.24%, positioned at $447.87.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 6 days.
What The Experts Say On Lululemon Athletica
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $498.3333333333333.
- An analyst from Evercore ISI Group downgraded its action to Outperform with a price target of $475.
- An analyst from Truist Securities downgraded its action to Buy with a price target of $500.
- An analyst from Citigroup persists with their Buy rating on Lululemon Athletica, maintaining a target price of $520.
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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