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Urban Outfitters put volume heavy and directionally bearish

Urban Outfitters put volume heavy and directionally bearish

Bearish flow noted in Urban Outfitters (URBN) with 1,893 puts trading, or 1.3x expected. Most active are 1/3 weekly 56 puts and 1/10 weekly 56 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 6.57, while ATM IV is up over 1 point on the day. Earnings are expected on March 4th.

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