OPTIONS FLOW$LULUlululemon athletica inc.Open ticker analysis →The archived LULU source record lists Strangle (2 legs), 2,000 contracts and $3.15M in reported gross premium. Execution classification alone does not establish opening or closing status or the participant's account position.
What happened
The saved event-time field is 2026-10-19 14:38:05. The original price reference is $96.31. The source table and any leg entries below are retained as recorded; no new quote has been substituted.
- LULU Jun 17, 2027 $110 Call: 1,000 contracts at $12.25 (bought)
- LULU Jun 17, 2027 $105 Put: 1,000 contracts at $19.25 (bought)
Why it matters
The two printed legs have equal quantities of 1,000, the same Jun 17, 2027 expiration and both are classified as bought. Their combined listed premium is $12.25 + $19.25 = $31.50 per share, or $3,150,000.00 with an assumed standard 100-share multiplier. Gross paid premium is not a realized return.
For a standalone opening long call/put package under those assumptions, the expiration breakevens are $105.00 − $31.50 = $73.50 and $110.00 + $31.50 = $141.50, before fees. A rise above a strike alone does not establish profit because the combined premium must be recovered. The record does not establish opening/closing status, adjusted deliverables or the account's other positions.
The displayed buy/sell side is the archived classification; raw bid/ask observations and account holdings are not retained. Open interest is an aggregate for the series and cannot identify this print as an opening trade. Delta is contract sensitivity, not a verified holding of stock.
The numbers
Original provider-record fields: The structure, lean, side and breakeven labels in the unchanged table are archived feed/model outputs, not a verified complete account position. Only the explicitly stated standalone hypotheses above describe calculated payoffs; a missing leg, opening/closing status or adjusted deliverable can change them.
| Structure | Strangle (2 legs) |
|---|---|
| Lean | Direction depends on the legs |
| Expirations | Jun 17, 2027 (nearest in 241 days) |
| Strikes | $105, $110 |
| Contracts | 2,000 |
| Total premium | $3.15M |
| Net cost | $3.15M debit |
| Stock at the trade | $96.31 |
Three ways this could play out
Above the printed call strike: value both retained legs together at the shared expiration and subtract the combined premium. A rise above one strike is not, by itself, a profitable package.
Below the printed put strike: value both legs together and compare the combined intrinsic value with the recorded cost; do not infer the participant's realized result.
Inside the strikes: use the complete conditional payoff rather than a bullish/bearish label. Early exits additionally depend on remaining time value, volatility and transaction costs.
What to watch next
- Confirm every leg, its side, quantity, expiry and deliverable before assigning a complete strategy or maximum risk.
- Compare next-session open interest with total session activity; the aggregate change cannot establish what this participant opened or closed.
