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Lululemon put volume heavy and directionally bearish
The Fly

Lululemon put volume heavy and directionally bearish

Bearish flow noted in Lululemon with 74,940 puts trading, or 3x expected. Most active are Apr-24 460 puts and Apr-24 450 puts, with total volume in those strikes near 43,200 contracts. The Put/Call Ratio is 3.35, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 30th.

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