Puts Active in Buckle Days Before Earnings

Shares of Buckle Inc. BKE are trading higher on the session by 0.77% to $35.82 and are attempting to regain the 50-day moving average, which it fell through during the recent sell off. The company is scheduled to report earnings before the open on May 20th and traders are buying puts ahead of that release. The May $35 put was purchased over 1,000 times on open interest of 934 contracts. Buckle Inc. is a retailer of casual apparel, footwear, and accessories for fashion conscious young men and women.