Looking At Burlington Stores's Recent Unusual Options Activity

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A whale with a lot of money to spend has taken a noticeably bearish stance on Burlington Stores.

Looking at options history for Burlington Stores BURL we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $153,875 and 6, calls, for a total amount of $318,562.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $175.0 to $210.0 for Burlington Stores over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Burlington Stores's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Burlington Stores's whale activity within a strike price range from $175.0 to $210.0 in the last 30 days.

Burlington Stores Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BURL CALL SWEEP BULLISH 04/14/23 $195.00 $84.5K 65 755
BURL PUT SWEEP BEARISH 05/19/23 $200.00 $62.2K 68 300
BURL CALL SWEEP BULLISH 04/14/23 $195.00 $59.9K 65 392
BURL CALL SWEEP BEARISH 04/14/23 $195.00 $50.3K 65 0
BURL CALL SWEEP NEUTRAL 06/16/23 $175.00 $49.5K 13 22

Where Is Burlington Stores Standing Right Now?

  • With a volume of 1,035,413, the price of BURL is down -2.22% at $194.41.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 49 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Burlington Stores, Benzinga Pro gives you real-time options trades alerts.

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