Burlington Stores, Inc. (BURL) Volatility Skew
Implied volatility skew shows how IV varies across strike prices for a given expiration. Steeper skews indicate higher demand for downside protection relative to upside speculation.
Burlington Stores, Inc. (BURL) operates in the Consumer Cyclical sector, specifically the Apparel - Retail industry, with a market capitalization near $17.99B, listed on NYSE, employing roughly 17,057 people, carrying a beta of 1.48 to the broader market. Burlington Stores, Inc. Led by Michael O'Sullivan, public since 2013-10-02.
Snapshot as of May 15, 2026.
- Spot Price
- $292.60
- ATM IV
- 48.7%
- IV Skew 25Δ
- -0.026
- IV Rank
- 76.4%
- IV Percentile
- 82.9%
- Term Structure Slope
- -0.025
As of May 15, 2026, Burlington Stores, Inc. (BURL) at-the-money implied volatility is 48.7%. IV rank is 76.4% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 82.9%. The 25-delta skew is -0.026: puts carry meaningful premium over calls, a classic equity downside-protection skew. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
BURL Strategy Selection at Current Volatility Levels
For Burlington Stores, Inc. options at 48.7% ATM IV, high IV rank (76.4%) favors premium-selling structures: credit spreads, iron condors, covered calls, cash-secured puts. The risk: a continued vol expansion through high-rank levels is rare but expensive when it happens. The 25-delta skew is meaningfully put-skewed, so put-credit spreads capture more premium for the same width than call-credit spreads. Pair the vol-rank read with the dealer-gamma view and the upcoming-events calendar to confirm the strategy fits both the structural regime and the path-dependent risk. The variance risk premium - the persistent gap between implied and subsequently realized vol - is positive in equity markets on average; high IV rank typically reflects a stretch where the premium is wider than usual.
Learn how volatility skew is reported and how to read the data →
BURL highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $270.00 | May 29, 2026 | 6 | 9.3K | 56.7% | $3.80 | $4.60 |
| PUT | $260.00 | Jun 5, 2026 | 1 | 6.6K | 50.8% | $2.65 | $3.20 |
| PUT | $265.00 | Jun 5, 2026 | 1 | 3.1K | 50.9% | $3.60 | $4.30 |
| PUT | $260.00 | Jun 12, 2026 | 0 | 2.7K | 45.4% | $2.10 | $4.10 |
| PUT | $265.00 | May 29, 2026 | 0 | 1.7K | 56.0% | $2.50 | $3.40 |
| PUT | $300.00 | Jun 18, 2026 | 1 | 1.0K | 46.9% | $19.60 | $22.10 |
| PUT | $255.00 | Jun 12, 2026 | 0 | 1.7K | 45.9% | $1.20 | $3.20 |
Top 7 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked BURL volatility skew questions
- What is the current BURL ATM implied volatility?
- As of May 15, 2026, Burlington Stores, Inc. (BURL) at-the-money implied volatility is 48.7%. IV rank is 76.4% on a 0-100% scale anchored to the 1-year IV range. ATM IV is the volatility input that makes a Black-Scholes-equivalent model reproduce the listed at-the-money option prices.
- Is BURL IV high or low historically?
- IV is elevated relative to its 1-year history, conditions that typically favor premium-selling strategies (credit spreads, iron condors, covered calls).
- What does BURL volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Burlington Stores, Inc. carries the typical equity downside-protection skew: 25-delta puts price meaningfully richer than 25-delta calls. Skew matters for risk-defined strategy selection: when downside puts are rich, put-credit spreads capture more premium; when upside calls are rich, call-credit spreads or covered-call writes harvest more.