Bearish flow noted in Lululemon with 10,030 puts trading, or 1.2x expected. Most active are 1/13 weekly 320 puts and 1/13 weekly 305 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.26, while ATM IV is up over 1 point on the day. Earnings are expected on March 28th.
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Published first on TheFly
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