Bullish option flow in Urban Outfitters ahead of earnings.
Bullish option flow in Urban Outfitters ahead of earnings. The stock up 55c to $40.43 and more than 5K Jun 1st 40 calls traded in the name, including a 4.3K block for $2.15 when bid-ask was $2.05 to 2.20. Buyers also opened positions in May 25th 40 and 45 calls. Total volume is 6X daily average and lopsided 27:1 at 10K calls and 360 puts. The company is scheduled to release results on 5/22 and is sometimes a big earnings mover: the largest in recent quarters is a 17.5% gain to $19.76 on 8/16/17. Shares have more than doubled in value since that time.
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|Date:||May 14, 2018|
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