Bullish option flow detected in Burlington Stores with 2,958 calls trading, 2x expected, and implied vol increasing over 5 points to 41.13%. May-23 195 calls and May-23 190 calls are the most active options, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 0.10. Earnings are expected on May 25th.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BURL:
- Burlington Stores put volume heavy and directionally bearish
- Burlington Stores upgraded to Buy at Loop Capital on improved value proposition
- Burlington Stores upgraded to Buy from Hold at Loop Capital
- Burlington Stores price target raised to $245 from $240 at JPMorgan
- Burlington Stores downgraded to Sell at UBS on softlines bearishness