Printer Friendly

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.

COPYRIGHT 2018 The Fly
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Fly
Date:May 14, 2018
Words:115
Previous Article:MGM Resorts 'applauds' Supreme Court decision to overturn PASPA.
Next Article:Treasury's $90 B 3- and 6-month bill sale was mixed.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters