Burlington Stores (BURL) call and put volume increases after mentioned cautiously

November 3, 2016 10:39 AM EDT

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Burlington Stores (NYSE: BURL) November 70 and December 65 puts are active on total put volume of 556 puts (284 calls) after mentioned cautiously by Spruce Point Management. November put option implied volatility is at 51, December is at 39; compared to its 52-week range of 25 to 66.

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