Financial giants have made a conspicuous bullish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica LULU revealed 16 unusual trades.
Delving into the details, we found 56% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $316,608, and 10 were calls, valued at $390,659.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $450.0 for Lululemon Athletica over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Lululemon Athletica stands at 428.4, with a total volume reaching 1,171.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lululemon Athletica, situated within the strike price corridor from $300.0 to $450.0, throughout the last 30 days.
Lululemon Athletica Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LULU | PUT | SWEEP | BEARISH | 06/21/24 | $22.05 | $22.0 | $22.05 | $390.00 | $94.8K | 572 | 44 |
| LULU | CALL | TRADE | BEARISH | 06/21/24 | $15.4 | $15.1 | $15.21 | $410.00 | $76.0K | 330 | 72 |
| LULU | PUT | TRADE | BEARISH | 05/17/24 | $63.5 | $59.75 | $63.5 | $450.00 | $69.8K | 58 | 0 |
| LULU | CALL | SWEEP | BULLISH | 06/21/24 | $25.45 | $25.4 | $25.45 | $390.00 | $55.9K | 353 | 26 |
| LULU | CALL | TRADE | NEUTRAL | 07/19/24 | $16.05 | $15.8 | $15.92 | $420.00 | $54.1K | 71 | 43 |
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
- With a volume of 710,216, the price of LULU is up 0.86% at $394.02.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 59 days.
Professional Analyst Ratings for Lululemon Athletica
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $507.0.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Lululemon Athletica with a target price of $500.
- Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Lululemon Athletica with a target price of $420.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Lululemon Athletica with a target price of $561.
- Consistent in their evaluation, an analyst from TD Cowen keeps a Outperform rating on Lululemon Athletica with a target price of $515.
- Reflecting concerns, an analyst from Stifel lowers its rating to Buy with a new price target of $539.
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.
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