Options Update: Lululemon (LULU), Career Education (CECO) & CBOE Vix
Lululemon (LULU)
LULU volatility of 116 suggests larger movement.
LULU, a yoga-inspired athletic apparel company, is recently down $1.31 to $29.61.
LULU call option volume of 2,392 contracts compares to put volume of 956 contracts.
LULU March option implied volatility of 116 is above its 20-week average of 71, suggesting larger price risk.
Career Education (CECO)
CECO put volume and volatility elevated as shares sell off 20%.
CECO is recently down $4.12 to $15.87. CECO announced SLM is ending a program that provides private recourse loans to CECO students.
CECO call option volume of 4,721 contracts compares to put volume of 14,504 contracts.
CECO February option implied volatility of 85 is above its 26-week average of 47 according to Track Data, suggesting larger risk.
Volatility Index S&P 500 Options (VIX)
VIX up 4.09 to 31.27."
About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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