Mixed options sentiment in Lululemon (LULU), with shares up $2.20, or 1.38%, near $162.18. Options volume roughly in line with average with 113k contracts traded and puts leading calls for a put/call ratio of 1.47, compared to a typical level near 1.08. Implied volatility (IV30) is higher by 1.0 points near 40.41,and below the 52wk median, suggesting an expected daily move of $4.13. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at HSBC.
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