Bearish flow noted in Burlington Stores (BURL) with 3,169 puts trading, or 8x expected. Most active are 3/7 weekly 230 puts and 2/7 weekly 260 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 5.37, while ATM IV is up over 3 points on the day. Earnings are expected on March 6th.
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