URBN trade ideas
Closed bear call spread URBNMay 22 opened bear call spread 25/25.5 for $15 credit
reached profit target on May 29
Closed 5/28 $5 debit
$10 net profit
$URBN OPTIONS ACTIVITY POINTS TO $23 ON THE DOWNSIDEretail WRECKAGE HAS ENSUED TODAY AND IN OUR OPINION THAT WILL CONTINUE INTO THE EARNINGS REPORT FROM NASDAQ:URBN . ALREADY IN A MASSIVE DOWNTREND THE OPTIONS MARKET HAS BEEN ACTIVE WITH THE $23 PUTS STRIKE EXPIRING ON MAY 24TH . THEY STOCK HAS ALREADY LOST STRONG SUPPORT AT $27 NEXT STOP IS $23, $22 THEN $16. CURRENT SHORT INTEREST IS 16% AND WE EXPECT THAT TO INCREASE.
AVERAGE RECOMMENDATION OVERWEIGHT
AVERAGE PRICE TARGET $35
Company Description
Urban Outfitters, Inc. engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the Retail, and Wholesale segments. The Retail segment contains the Anthropologie, Bhldn, Free People, Terrain, and Urban Outfitters brands; and its Food and Beverage division. The Wholesale segment designs, develops, and markets apparel, intimates, active wear, and home goods under the Free People, Anthropologie, and Urban Outfitters brands.
$URBN URBAN OUTFITTERS GETS UPGRADES GALORE Urban Outfitters has a tremendous few weeks with very high bullish volume, ignited by analysts tripping over one another to release price upgrades, we think price will continue with the upturn in retail sentiment.
URBN - Trade setupLook for a break of the low on the pre market trading and then to the 200MA on the monthly chart.
URBAN outfitters longAgain, as per my forecast of Sept. 3rd , URBN could go long up to resistance area highlithed.
Buy at market open and TP from 47.72 to 48.50.
Stochastic is supporting this idea and SCTR is high enough for a buy.
URBAN OUTFITTERS BUYURBN could go long up to resistance area highlithed.
Buy at market open and TP from 47.72 to 48.50.
Stochastic is supporting this idea and SCTR is high enough for a buy.
$URBN TradeLooking to initiate a new position in $URBN with the pull back on decreased volume to daily support. Good risk, reward. Earnings upcoming end of August
OPENING: URBN MARCH 17TH 21.5/25.5/25.5/29.5 IRON FLY... for a 2.24 ($224)/contract credit. (High IVR/High IV; Post Earnings Volatility Contraction Play).
Metrics:
Max Profit: $224/contract
Max Loss/Buying Power Effect: $177/contract
Break Evens: 23.27/27.73
Theta: 6.12
Delta: -4.33
Notes: I'm looking to manage this at 25% max profit.
