Mixed options sentiment in Lululemon (LULU), with shares up $4.86, or 2.1%, near $236.44. Options volume roughly in line with average with 34k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 1.14. Implied volatility (IV30) dropped 0.2 near 35.75,and below the 52wk median, suggesting an expected daily move of $5.32. Put-call skew steepened, indicating increased demand for downside protection.
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