Mixed options sentiment in Lululemon with shares down 1.76%

Mixed options sentiment in Lululemon (LULU), with shares down $3.66 near $203.93. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 1.26. Implied volatility (IV30) is higher by 1.3 points near 66.83, in the highest 10% of observations over the past year, suggesting an expected daily move of $8.58. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Lululemon (LULU) will report earnings after the close on 2025-09-04.Option markets are pricing in a 50% probability of a move greater than 11.75% or $23.96.