Moderately bullish activity in Lululemon (LULU), with shares down $1.41 near $174.18. Options volume relatively light with 32k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 1.26. Implied volatility (IV30) is higher by 1.5 points near 42.18,and above the 52wk median, suggesting an expected daily move of $4.63. Put-call skew flattened, suggesting a modestly bullish tone.
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