Whales with a lot of money to spend have taken a noticeably bearish stance on Lululemon Athletica.
Looking at options history for Lululemon Athletica (NASDAQ:LULU) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 16% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $681,997 and 5, calls, for a total amount of $249,222.
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 $320.0 and $400.0 for Lululemon Athletica, spanning the last three months.
Volume & Open Interest Trends
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 $320.0 to $400.0, over the past month.
Lululemon Athletica Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LULU | PUT | TRADE | BEARISH | 09/20/24 | $20.45 | $20.1 | $20.4 | $330.00 | $306.0K | 359 | 154 |
| LULU | PUT | TRADE | BULLISH | 09/20/24 | $34.95 | $34.55 | $34.55 | $360.00 | $107.1K | 225 | 36 |
| LULU | PUT | TRADE | BULLISH | 01/17/25 | $43.0 | $42.7 | $42.7 | $360.00 | $81.1K | 647 | 0 |
| LULU | CALL | TRADE | NEUTRAL | 01/17/25 | $43.6 | $42.5 | $43.0 | $360.00 | $77.4K | 245 | 0 |
| LULU | PUT | TRADE | BEARISH | 07/19/24 | $40.9 | $40.35 | $40.9 | $380.00 | $73.6K | 147 | 2 |
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 700 company-owned stores in about 20 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.
Current Position of Lululemon Athletica
- Currently trading with a volume of 550,478, the LULU's price is down by -0.66%, now at $347.53.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 22 days.
What The Experts Say On Lululemon Athletica
3 market experts have recently issued ratings for this stock, with a consensus target price of $456.6666666666667.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Lululemon Athletica, which currently sits at a price target of $470.
- An analyst from Baird persists with their Outperform rating on Lululemon Athletica, maintaining a target price of $505.
- An analyst from Barclays downgraded its action to Equal-Weight with a price target of $395.
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.