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Lululemon call volume above normal and directionally bullish

Bullish option flow detected in Lululemon (LULU) with 16,061 calls trading, 1.5x expected, and implied vol increasing almost 11 points to 57.33%. Mar-26 210 calls and Mar-26 165 puts are the most active options, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 0.65. Earnings are expected on March 26th.

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