Burlington Stores Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Burlington Stores BURL.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with BURL, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Burlington Stores.

This isn't normal.

The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $29,592, and 9, calls, for a total amount of $342,770..

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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 $180.0 to $230.0 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 $180.0 to $230.0 in the last 30 days.

Burlington Stores Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Burlington Stores Standing Right Now?

• With a volume of 169,882, the price of BURL is down -1.23% at $209.63.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 64 days.

What The Experts Say On Burlington Stores:

• Credit Suisse has decided to maintain their Outperform rating on Burlington Stores, which currently sits at a price target of $245.
• Wells Fargo has decided to maintain their Overweight rating on Burlington Stores, which currently sits at a price target of $275.
• Telsey Advisory Group downgraded its action to Outperform with a price target of $250
• Deutsche Bank has decided to maintain their Buy rating on Burlington Stores, which currently sits at a price target of $235.
• Telsey Advisory Group has decided to maintain their Outperform rating on Burlington Stores, which currently sits at a price target of $250.

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.