Lululemon Athletica Inc (LULU)

[Porgie Tirebiter]

LULU options for June 2 expiration have over 90% Implied Volatility. Earnings are due out on June 1.

There is no skew, calls and puts have equal I.V. So the options are not favoring any price direction.

It's been so hard to find I.V. in the market recently.

Sold next Friday's 47 puts for $1.75 yesterday. Maximum profit at any price above $47 and some profit all the way down to $45.25.