Dress Barn (DBRN) is up 39 cents to $16.19 and options volume is running 7X the average daily, with 4,500 calls and only 70 puts traded so far. Sep 15 and 17.5 calls are seeing most of the action. Seems to be a mix of buyers and sellers, perhaps some rolling from the in-the-money calls to the out-of-the-money. Implied volatility (average) is around 53 and not much changed since yesterday. No news on the stock today. The next earnings are expected mid-September, possibly before the expiration.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.