Lululemon Athletica's Options: A Look at What the Big Money is Thinking
Financial giants have made a conspicuous bullish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica (NASDAQ:LULU) revealed 17 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $787,996, and 7 were calls, valued at $299,950.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $280.0 and $470.0 for Lululemon Athletica, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Lululemon Athletica stands at 428.31, with a total volume reaching 473.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lululemon Athletica, situated within the strike price corridor from $280.0 to $470.0, throughout the last 30 days.
Lululemon Athletica Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LULU | PUT | TRADE | BULLISH | 06/20/25 | $117.55 | $110.45 | $112.59 | $410.00 | $281.4K | 189 | 0 |
| LULU | PUT | TRADE | BULLISH | 12/20/24 | $27.7 | $27.15 | $27.3 | $300.00 | $136.5K | 766 | 21 |
| LULU | CALL | TRADE | BULLISH | 12/18/26 | $82.8 | $74.0 | $79.32 | $310.00 | $79.3K | 6 | 0 |
| LULU | PUT | TRADE | BEARISH | 09/20/24 | $62.35 | $60.85 | $62.35 | $360.00 | $68.5K | 320 | 1 |
| LULU | PUT | SWEEP | NEUTRAL | 01/17/25 | $173.3 | $167.55 | $170.97 | $470.00 | $68.3K | 4 | 0 |
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 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
After a thorough review of the options trading surrounding Lululemon Athletica, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Lululemon Athletica
- Trading volume stands at 908,117, with LULU's price down by -0.55%, positioned at $298.67.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 55 days.
What The Experts Say On Lululemon Athletica
5 market experts have recently issued ratings for this stock, with a consensus target price of $410.6.
- Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Lululemon Athletica with a target price of $470.
- An analyst from BMO Capital persists with their Market Perform rating on Lululemon Athletica, maintaining a target price of $384.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Lululemon Athletica, which currently sits at a price target of $338.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Lululemon Athletica, targeting a price of $416.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $445.
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.