Urban Outfitters, Inc.
Updated

OPENING: URBN MARCH 17TH 21.5/25.5/25.5/29.5 IRON FLY

93
... for a 2.24 ($224)/contract credit. (High IVR/High IV; Post Earnings Volatility Contraction Play).

Metrics:

Max Profit: $224/contract
Max Loss/Buying Power Effect: $177/contract
Break Evens: 23.27/27.73
Theta: 6.12
Delta: -4.33

Notes: I'm looking to manage this at 25% max profit.
Trade closed: target reached
Covering for a 1.68 db; .56 ($56) gross profit per contract.

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