Trading a BURL straddle lets you take a pure volatility position on Burlington Stores Inc without committing to a direction. Burlington Stores Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate BURL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BURL profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Burlington Stores Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the BURL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products. As of January 29, 2022, it operated 837 stores under the Burlington Stores name, 2 stores under the Cohoes Fashions name, and 1 store under the MJM Designer Shoes name in 45 states and Puerto Rico. Burlington Stores, Inc. was founded in 1972 and is headquartered in Burlington, New Jersey.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BURL straddle is the cleanest expression of that view. Our scanner prices every BURL straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a BURL straddle into a catalyst or short a BURL straddle to harvest decay, the options straddle setups that matter are all in one place.
