Moderately bullish activity in Lululemon (LULU), with shares up $3.25, or 1.55%, near $212.22. Options volume relatively light with 14k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 1.61. Implied volatility (IV30) is higher by 1.8 points near 36.4,in the bottom quartile of the past year, suggesting an expected daily move of $4.87. Put-call skew flattened, suggesting a modestly bullish tone.
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