Mixed options sentiment in Lululemon (LULU), with shares up $1.12, or 0.63%, near $178.72. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 1.2. Implied volatility (IV30) dropped 1.0 near 40.3,and below the 52wk median, suggesting an expected daily move of $4.54. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Needham.
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