Deep-pocketed investors have adopted a bearish 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 30 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 43% leaning bullish and 56% bearish. Among these notable options, 8 are puts, totaling $535,238, and 22 are calls, amounting to $1,846,521.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $290.0 to $530.0 for Lululemon Athletica over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Lululemon Athletica options trades today is 256.9 with a total volume of 451.00.
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 $290.0 to $530.0 over the last 30 days.
Lululemon Athletica Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | TRADE | BULLISH | 01/17/25 | $290.00 | $226.7K | 22 | 2 |
| LULU | CALL | SWEEP | NEUTRAL | 01/17/25 | $330.00 | $194.4K | 77 | 0 |
| LULU | CALL | TRADE | BEARISH | 01/17/25 | $350.00 | $176.4K | 79 | 12 |
| LULU | CALL | SWEEP | BULLISH | 01/17/25 | $350.00 | $176.3K | 79 | 22 |
| LULU | PUT | SWEEP | BULLISH | 01/19/24 | $490.00 | $170.6K | 1.1K | 7 |
About Lululemon Athletica
Lululemon Athletica Inc. 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 670 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.
Current Position of Lululemon Athletica
- With a trading volume of 432,484, the price of LULU is down by -0.28%, reaching $490.06.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 99 days from now.
Professional Analyst Ratings for 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 $528.2.
- In a cautious move, an analyst from Raymond James downgraded its rating to Outperform, setting a price target of $495.
- An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $500.
- An analyst from JP Morgan persists with their Overweight rating on Lululemon Athletica, maintaining a target price of $500.
- An analyst from Telsey Advisory Group persists with their Outperform rating on Lululemon Athletica, maintaining a target price of $550.
- An analyst from Stifel persists with their Buy rating on Lululemon Athletica, maintaining a target price of $596.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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