Bearish flow noted in Burlington Stores (BURL) with 3,334 puts trading, or 3x expected. Most active are Sep-25 175 puts and Jul-25 250 calls, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 8.91, while ATM IV is up over 2 points on the day. Earnings are expected on August 28th.
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