Markets
UAA

Trader buys Under Armour calls

A big trade in Under Armour caught our attention Monday. So far, 5,000 contracts of the Sept. 25 call have changed hands, against open interest of 307 contracts. Today's volume came in just two trades, both of which went off at $0.07. That price indicates that these new contracts were opened from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for UAA ($19.64 down $0.02) are bearish with a downward trend. The stock has support around 19.10 Look at the Sept. 15/17.50 bull-put spread for a 23-cent credit. That's a 10.1% return and the stock has to fall by 10.9% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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