Lowe's options active into Q3 results and margin trend outlook Lowe's December 29 and 31 puts are active on total put volume of 16K contract (8K calls). December put option implied volatility is at 33, January and April is at 33; compared to its 26-week average of 27 according to Track Data. Active option volume suggests traders taking positions for larger price movement into the expected release of Q3 results on November 19.
Lowe's says Tecsun flooring being removed from stores, Bloomberg reports Bloomberg cites a company spokesperson. Earlier, a Seeking Alpha contributor wrote in a blog post that "research confirms Lowe's is guilty of formaldehyde noncompliance in sourcing laminate flooring from China."