Investors with a lot of money to spend have taken a bearish 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 13 uncommon options trades for Lululemon Athletica.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $328,019, and 6 are calls, for a total amount of $322,980.
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 $420.0 to $495.0 for Lululemon Athletica during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Lululemon Athletica options trades today is 365.42 with a total volume of 194.00.
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 $420.0 to $495.0 over the last 30 days.
Lululemon Athletica Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | TRADE | NEUTRAL | 04/05/24 | $490.00 | $69.2K | 107 | 0 |
| LULU | PUT | SWEEP | BEARISH | 06/21/24 | $420.00 | $66.6K | 186 | 38 |
| LULU | CALL | TRADE | BULLISH | 06/21/24 | $470.00 | $62.6K | 382 | 16 |
| LULU | CALL | TRADE | BEARISH | 04/19/24 | $450.00 | $58.5K | 435 | 47 |
| LULU | PUT | SWEEP | BEARISH | 03/22/24 | $450.00 | $56.4K | 653 | 17 |
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
- Trading volume stands at 219,586, with LULU's price down by -0.01%, positioned at $457.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 9 days.
Professional Analyst Ratings for Lululemon Athletica
In the last month, 1 experts released ratings on this stock with an average target price of $525.0.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $525.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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