Dollar General Corp (NYSE:DG) is scheduled to report earnings on Thursday, with analysts projecting revenue growth.
On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that Dollar General traded 2.5 times its average daily volume on Monday. The options market implied a move of around 5.5% by the end of the week, in line with the movement in the stock over the past eight reported quarters, he added.
Check out other stocks making moves in the premarket.
There was a buyer of 709 of the December 240/230 put spreads, at an average price of $1.59 per contract, Khouw mentioned. The trader expects Dollar General's stock to decline by 10% by December expiration, he added.
DG Price Action: Shares of Dollar General fell by 1.61% to close at $253.10 on Monday.
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Photo: Courtesy of Mike Mozart on flickr.