Calls see possible upside moves for Urban Outfitters, declines in Cablevision
URBN – Urban 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 20.0% to an intraday low of .42. Trading in Urban call options outpaced that of puts in the first half of the session, and it looks like a number of strategists are positioning for the price of the underlying to rebound in the near term. Investors poised to potentially benefit from a bounce in Urban’s shares
