Call Buying Activity in Under Armour (UA) Targets Near-Term Upside in Shares -Susquehanna

May 14, 2021 1:47 PM EDT
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Price: $17.85 -0.5%

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    NEUTRAL (Up Up)

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Susquehanna options strategist Alison Edwards notes call buying activity in Under Armour (NYSE: UA)(NYSE: UAA), as opening investors in purchased ~14k May 19 Calls. These investors open upside exposure to a move beyond $19 (+1.2%) over the next week, setting up a breakeven point ~4% higher. Investors gain exposure to a slew of retailer-related earnings releases, including FL on 5/21 (UA already reported last week).



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