Behind the Scenes of Lululemon Athletica's Latest Options Trends

Author: Benzinga Insights | April 16, 2024 10:46am

Financial giants have made a conspicuous bearish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica (NASDAQ:LULU) revealed 10 unusual trades.

Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $929,366, and 5 were calls, valued at $170,382.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $270.0 to $460.0 for Lululemon Athletica over the recent three months.

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 $270.0 to $460.0, over the past month.

Lululemon Athletica 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
LULU	PUT	TRADE	BEARISH	01/16/26	$27.25	$25.1	$26.9	$270.00	$807.0K	28	1
LULU	CALL	SWEEP	BULLISH	05/17/24	$3.0	$2.84	$3.0	$360.00	$46.8K	1.1K	33
LULU	CALL	TRADE	NEUTRAL	10/18/24	$35.65	$34.05	$34.8	$340.00	$34.8K	61	10
LULU	PUT	TRADE	BEARISH	06/21/24	$68.4	$67.5	$68.4	$400.00	$34.2K	1.2K	6
LULU	PUT	SWEEP	BEARISH	04/19/24	$27.85	$25.65	$27.85	$360.00	$33.4K	636	4

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

• Currently trading with a volume of 438,078, the LULU's price is down by -0.81%, now at $332.04.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 44 days.

What Analysts Are Saying About Lululemon Athletica

5 market experts have recently issued ratings for this stock, with a consensus target price of $509.4.

• Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Lululemon Athletica with a target price of $509.
• Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Lululemon Athletica, targeting a price of $500.
• An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $515.
• An analyst from Piper Sandler persists with their Overweight rating on Lululemon Athletica, maintaining a target price of $525.
• Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Lululemon Athletica, targeting a price of $498.

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.

Posted In: LULU