Mixed options sentiment in Lululemon (LULU), with shares up 74c, or 0.36%, near $207.48. Options volume relatively light with 21k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 1.4. Implied volatility (IV30) dropped 0.5 near 39.64,and below the 52wk median, suggesting an expected daily move of $5.18. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Hold at Jefferies.
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