Financial giants have made a conspicuous bullish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica LULU revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $340,670, and 3 were calls, valued at $159,370.
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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 $430.0 to $510.0 for Lululemon Athletica during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Lululemon Athletica options trades today is 333.75 with a total volume of 303.00.
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 $430.0 to $510.0 over the last 30 days.
Lululemon Athletica Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | PUT | SWEEP | BULLISH | 04/19/24 | $470.00 | $94.8K | 98 | 0 |
| LULU | CALL | TRADE | BULLISH | 02/16/24 | $430.00 | $90.1K | 47 | 23 |
| LULU | PUT | TRADE | BULLISH | 03/15/24 | $470.00 | $64.0K | 619 | 10 |
| LULU | PUT | TRADE | BULLISH | 03/15/24 | $480.00 | $61.0K | 416 | 1 |
| LULU | PUT | TRADE | BULLISH | 03/15/24 | $460.00 | $49.7K | 960 | 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.
Having examined the options trading patterns of Lululemon Athletica, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Lululemon Athletica's Current Market Status
- Trading volume stands at 113,648, with LULU's price down by -1.95%, positioned at $472.01.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 55 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.
- Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Lululemon Athletica with a target price of $570.
- An analyst from HSBC downgraded its action to Hold with a price target of $500.
- An analyst from Raymond James has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $520.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Lululemon Athletica, targeting a price of $561.
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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