How To Trade The Pullback In Burlington Stores (BURL)
How To Trade The Pullback In Burlington Stores
Notes: Read about my fundamental analysis on Burlington Stores from December 10th here. The Mar 2015 $50 calls can now be bought for $2.15-$2.20 each (traded as high as $4.00 on December 23rd). An alternative trade idea would be the Mar 2015 $45 calls for $4.40-$4.50. These offer a higher delta with roughly the same theta (time decay). Breakeven on the $45’s would be $49.50 and $52.20 on the $50 calls (if held to options expiration).
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