27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $279,638 and 5, calls, for a total amount of $240,230.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $310.0 to $400.0 for Lululemon Athletica during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Lululemon Athletica options trades today is 379.44 with a total volume of 204.00.
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 $310.0 to $400.0 over the last 30 days.
Lululemon Athletica 30-Day Option Volume & Interest Snapshot
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 | SWEEP | BEARISH | 04/19/24 | $28.75 | $26.75 | $28.65 | $385.00 | $155.1K | 671 | 20 |
| LULU | CALL | TRADE | BEARISH | 10/18/24 | $51.05 | $50.5 | $50.5 | $340.00 | $106.0K | 2 | 0 |
| LULU | PUT | SWEEP | BULLISH | 10/18/24 | $13.1 | $12.95 | $12.95 | $310.00 | $53.0K | 134 | 41 |
| LULU | CALL | TRADE | NEUTRAL | 06/21/24 | $23.25 | $22.35 | $22.83 | $360.00 | $45.6K | 349 | 4 |
| LULU | PUT | TRADE | BEARISH | 06/21/24 | $46.15 | $45.25 | $46.15 | $400.00 | $36.9K | 1.1K | 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 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 415,685, with LULU's price down by -0.13%, positioned at $360.0.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 51 days.
Expert Opinions on Lululemon Athletica
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $494.4.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Lululemon Athletica, targeting a price of $425.
- An analyst from Wedbush has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $492.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Lululemon Athletica, targeting a price of $546.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Lululemon Athletica with a target price of $509.
- An analyst from Citigroup has decided to maintain their Buy rating on Lululemon Athletica, which currently sits at a price target of $500.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lululemon Athletica, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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