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 51 trades.

If we consider the specifics of each trade, it is accurate to state that 19% of the investors opened trades with bullish expectations and 76% with bearish.

From the overall spotted trades, 45 are puts, for a total amount of $2,862,796 and 6, calls, for a total amount of $419,894.

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 $230.0 to $370.0 for Lululemon Athletica over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Lululemon Athletica's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lululemon Athletica's whale trades within a strike price range from $230.0 to $370.0 in the last 30 days.

Lululemon Athletica Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Lululemon Athletica

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

Where Is Lululemon Athletica Standing Right Now?

• Trading volume stands at 1,471,672, with LULU's price down by -2.34%, positioned at $286.2.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 65 days.

Expert Opinions on Lululemon Athletica

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $343.4.

Turn $1000 into $1270 in just 20 days?

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.