Big-league investors have taken a bearish turn towards Lululemon Athletica, and it’s a signal that can’t be swept under the rug. Tracking a series of eye-catching options activities for Lululemon Athletica, this move has surfaced as a matter of significance on the market. While the identities of these investors remain cloaked, the considerable shift in LULU typically forewarns a major upheaval.
Today, Benzinga’s options scanner flagged 9 remarkable options activities for Lululemon Athletica, indicating a departure from the usual. This level of activity is far from run-of-the-mill.
The mood in the court of heavyweight investors is polarized, with 0% leaning bullish and 100% bearish. Among a set of notable options, 4 puts have amassed to $194,470, while 5 calls have soared to a cumulative $1,228,918.
Assessed Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been homing in on a price window from $350.0 to $470.0 for Lululemon Athletica over the past quarter.
Trends in Volume & Open Interest
Pouring over the volume and open interest provides a fruitful way to perform a due diligence on a stock.
This data serves to track the liquidity and interest for Lululemon Athletica’s options for a given strike price.
Below, we can track the evolution of the volume and open interest of calls and puts, respectively, for all of Lululemon Athletica’s whale activity within a strike price range from $350.0 to $470.0 in the last 30 days.
Overview of Call and Put Volume: 30 Days
Unearthed Significant Options Trades:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LULU | CALL | SWEEP | BEARISH | 01/17/25 | $380.00 | $721.6K | 220 | 61 |
| LULU | CALL | SWEEP | BEARISH | 01/17/25 | $380.00 | $367.3K | 220 | 94 |
| LULU | PUT | TRADE | BEARISH | 06/21/24 | $400.00 | $69.1K | 763 | 54 |
| LULU | PUT | SWEEP | BEARISH | 06/20/25 | $350.00 | $66.7K | 1 | 68 |
| LULU | CALL | SWEEP | NEUTRAL | 02/16/24 | $465.00 | $56.8K | 421 | 339 |
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 a comprehensive review of the options trading environing Lululemon Athletica, we progress to delve into the company’s intricacies. This encompasses an evaluation of its current market status and performance.
Lululemon Athletica’s Present Market Status
- With a trading volume of 222,667, the price of LULU is up by 0.02%, reaching $456.3.
- Current RSI values indicate that the stock is currently neutral between overbought and oversold.
- The next earnings report is scheduled for 41 days from now.
Analyst Ratings for Lululemon Athletica
2 market experts have recently issued ratings for this stock, with a consensus target price of $457.5.
- In a cautious move, an analyst from HSBC downgraded its rating to Hold, setting a price target of $500.
- Reflecting concerns, an analyst from Exane BNP Paribas lowers its rating to Underperform with a new price target of $415.
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 keeping a careful eye on the markets.
If you want to stay updated on the latest options trades for Lululemon Athletica, Benzinga Pro offers real-time options trades alerts.
