LULU
BEAR
2026-05-19
Overnight Institutional Flow Signal
Score
4/10
Move
1.3%
Flow
$42.0M
AI Trade Thesis
LULU BEAR $114P Jun 18 '26. Institutional flow is aggressively fading the minor relief bounce as the proxy battle with founder Chip Wilson reaches a fever pitch and the stock languishes at 2018 levels. Entry near current spot $120.26 targeting a break below the $118 support level. Risk: A surprise settlement with Wilson or a short-covering rally ahead of the June 25 shareholder meeting.
Flow Breakdown
Call Volume
$3.3M
Put Volume
$38.7M
Flow Intent
DIRECTIONAL
Catalyst
Insider Activity
Recommended Setup
ContractO:LULU260618P00114000
Contract Score10.209/10
Risk/Reward0.1:1
Delta-0.33
Key Levels
Resistance$150.16
Support$118.38
Price$120.26
SMA 50 / 200$150 / $176
52W Range$118 — $349
News & Catalyst Analysis
Key Headline
Lululemon hits back at its founder after months of attacks, saying he's just jealous.
News Summary
Lululemon is embroiled in an escalating proxy battle with founder Chip Wilson after settlement talks collapsed, coinciding with the stock hitting eight-year lows. Institutional bearish flow of $38.6M suggests professional traders are fading the minor 1.3% relief rally, anticipating further downside as management remains distracted by governance conflicts and soft North American demand.
Flow Intent Analysis
The massive $38M put volume appeared immediately following the collapse of settlement talks with Chip Wilson, suggesting a high-conviction bet on a technical breakdown below multi-year support.
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