Bearish flow noted in Burlington Stores with 1,124 puts trading, or 3x expected. Most active are Feb-24 197.5 puts and Feb-24 200 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.05, while ATM IV is up over 1 point on the day. Earnings are expected on February 29th.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BURL:
- Burlington Stores price target raised to $225 from $195 at Jefferies
- Burlington Stores call volume above normal and directionally bullish
- Burlington (NYSE:BURL) Gains on New Analyst Upgrade
- The lifestyle stocks to own in 2024, according to Piper Sandler
- Rivian downgraded, Instacart upgraded: Wall Street’s top analyst calls