LULU, with an ADV of 10,700 contracts and OI of 93k, is seeing a trader sell the Aug 73 puts aggressively at .52.
Lululemon Athletica Inc., trading 77.56 (up 1.42) with an IV30 of 23.80 up .36% and an HV10 of 8%, is seeing August puts sold on this pop.? The stock, with an ADV of 10,700 contract and OI of 93k, is seeing a trader sell the August regular 73 puts aggressively at .52.? 9142 went up in one block at .52 with many other smaller trades behind it ranging from .53 to .55.? On the day, 10,800 of the puts have traded, all opening, all outright sales.
This appears to be an income trade where the trader is willing take delivery if the stock drops below 73, but is more interested in the stock not dipping lower and collecting .52+ of premium between now and august expiration
This trade is mildly bullish LULU and bearish LULU volatility.