Urban Outfitters (URBN) Sees Notable Call Buying - Susquehanna

Susquehanna options strategist Alison Edwards notes call buying in heavily shorted name Urban Outfitters (NASDAQ: URBN) following similar actin in Revlon yesterday.

"An opening investor in the thinly traded options of Urban Outfitters bought 7,500 Sep 27 (.44d) calls for $1.10," Edwards notes. "This investor opens upside exposure through mid-September, breaking even on a 7% rally through mid-September. Given the high short interest (22% of float), this may be a short investor protecting against a squeeze."

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