Moderately bullish activity in Lululemon (LULU), with shares up $4.72, or 2.26%, near $213.76. Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 1.69. Implied volatility (IV30) is higher by 0.1 points near 40.2,and below the 52wk median, suggesting an expected daily move of $5.41. Put-call skew steepened, indicating increased demand for downside protection.
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