Lululemon Athletica Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bullish approach towards Lululemon Athletica LULU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LULU usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Lululemon Athletica. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 9 are puts, totaling $457,257, and 5 are calls, amounting to $350,955.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $340.0 to $450.0 for Lululemon Athletica during the past quarter.

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 $340.0 to $450.0, over the past month.

Lululemon Athletica Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
LULU CALL SWEEP BULLISH 01/17/25 $35.8 $35.1 $35.8 $390.00 $218.6K 473 0
LULU PUT SWEEP NEUTRAL 09/20/24 $94.25 $90.95 $92.35 $450.00 $101.5K 43 11
LULU PUT SWEEP BEARISH 04/12/24 $5.85 $4.55 $5.85 $357.50 $88.2K 344 0
LULU PUT SWEEP BEARISH 04/12/24 $35.9 $32.6 $35.9 $395.00 $78.9K 241 22
LULU CALL SWEEP BULLISH 06/21/24 $7.45 $6.95 $7.31 $410.00 $43.6K 530 24

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

Current Position of Lululemon Athletica

  • With a volume of 426,035, the price of LULU is up 0.09% at $357.87.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 55 days.

What Analysts Are Saying About Lululemon Athletica

5 market experts have recently issued ratings for this stock, with a consensus target price of $491.6.

  • Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Lululemon Athletica, targeting a price of $500.
  • Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Lululemon Athletica, targeting a price of $500.
  • An analyst from BMO Capital has decided to maintain their Market Perform rating on Lululemon Athletica, which currently sits at a price target of $420.
  • 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 Wedbush keeps a Outperform rating on Lululemon Athletica with a target price of $492.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!