Looking At Lululemon Athletica's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bullish stance on Lululemon Athletica LULU.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LULU, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Lululemon Athletica.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $391,858, and 4 are calls, for a total amount of $230,950.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $370.0 to $570.0 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 $370.0 to $570.0, over the past month.

Lululemon Athletica 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

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

• Trading volume stands at 413,733, with LULU's price down by -1.0%, positioned at $452.14.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 49 days.

Professional Analyst Ratings for Lululemon Athletica

4 market experts have recently issued ratings for this stock, with a consensus target price of $537.75.

• An analyst from Truist Securities persists with their Buy rating on Lululemon Athletica, maintaining a target price of $561.
• Reflecting concerns, an analyst from HSBC lowers its rating to Hold with a new price target of $500.
• An analyst from Keybanc persists with their Overweight rating on Lululemon Athletica, maintaining a target price of $570.
• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Lululemon Athletica with 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.