DBRN – Dress Barn, Inc. – Bulls are trying call options on for size at Dress Barn today to position for shares of the operator of women’s apparel specialty stores to rally ahead of September expiration. Investors are likely taking bullish stance on DBRN ahead of the firm’s fourth-quarter earnings report scheduled for release after the closing bell on September 15, 2010. Dress Barn’s shares are currently up 0.30% to stand at $22.71 as of 12:30 pm ET. It looks like traders picked up approximately 1,500 in-the-money calls at the September $22.5 strike for an average premium of $0.90 apiece. Call buyers profit if the retailer’s shares rally 3.00% over the current price of $22.71 to exceed the effective breakeven price of $23.40 ahead of expiration next Friday. Options implied volatility on the stock is up 5.6% at 41.65% in early afternoon trading.
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