Bearish flow noted in Lululemon (LULU) with 64,511 puts trading, or 1.7x expected. Most active are 11/7 weekly 160 puts and Jan-26 350 puts, with total volume in those strikes near 15,000 contracts. The Put/Call Ratio is 1.64, while ATM IV is up over 2 points on the day. Earnings are expected on December 11th.
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