Urban Outfitters Option Alert: Sep 15 $34 Calls Sweep (9) near the Ask: 498 @ $0.85 vs 521 OI; Ref=$33.26
Portfolio Pulse from Charles Gross
Urban Outfitters (URBN) has seen a significant option alert for September 15 $34 calls. A total of 498 contracts were traded near the ask price of $0.85, compared to an open interest of 521 contracts. The reference price was $33.26.
August 25, 2023 | 2:56 pm
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NEUTRAL IMPACT
The significant option alert for URBN indicates increased trading activity. This could potentially influence the stock's price in the short term.
The increased trading activity due to the significant option alert could potentially influence URBN's stock price. However, the direction of the impact is uncertain as it depends on various factors including market sentiment and overall market conditions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100