Outfitters, Inc. – Options activity on the specialty retailer jumped on Wednesday morning as news of the CEO’s resignation saw shares in Urban Outfitters tumble more than 20% to an intraday low of $23.42.
Still feeling bullish on Urban? Take a look at the Feb12 25 calls. Although I generally prefer to be a writer rather than a buyer of options, URBN’s decrease of almost 19% saw a 75% reduction in the February 25 calls from $3.30 down to $.80
via Options Players Wager On Recovery For Urban Outfitters, Gains For Textron – Forbes.
Feb 25 calls up $.20 on the day, netting a 25% gain..
up 50% on positive news