Burlington Stores put volume heavy and directionally bearish
The Fly

Burlington Stores put volume heavy and directionally bearish

Bearish flow noted in Burlington Stores (BURL) with 2,545 puts trading, or 11x expected. Most active are 11/29 weekly 210 puts and 10/25 weekly 280 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 18.05, while ATM IV is up over 2 points on the day. Earnings are expected on November 29th.

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