Thursday, June 28, 2012

Lululemon Athletica puts active on speculation Einhorn is short


Lululemon Athletica July 55 and 60 puts are active on total put volume of 8K contracts (3K calls). July put option implied volatility is at 59, August is at 49; compared to its 26-week average of 50 according to Track Data, suggesting larger near term price movement on speculation David Einhorn is short.

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