Bearish flow noted in Lululemon with 3,989 puts trading, or 1.2x expected. Most active are 10/6 weekly 345 puts and 10/6 weekly 357.5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.77, while ATM IV is up nearly 2 points on the day. Earnings are expected on December 7th.
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