• GB Davis

Security In Focus: Urban Outfitters ($URBN) #2

On April 1, 2019, we went bullish here on $URBN (see blog post) scaling on 1/4 position. We hedged with $XRT. Intraday on April 5, 2019, we would manage this position as follows in order to lock in a net of hedge 5 trading day gain of 11.31%. (1) close $XRT (i.e. unhedged), (2) Open to Sell, 33 May 17 CALL @ $2.14 against common held, (3) Open to Buy, 30 May 17 PUT @ 0.25 x 3; net $1.39 gain. #NotInvestmentAdvice #URBN


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