Call Buyers Dominate Under Armour (UA) Options Pits

Two brokerage firms weighed in on Under Armour Inc (UA)

Digital Content Group
Apr 8, 2015 at 2:09 PM
facebook X logo linkedin

Under Armour Inc (NYSE:UA) is 1.8% higher today at $82.29, and earlier touched a record high of $82.80, after FBR raised its price target on the shares to $92 from $90, and DA Davidson boosted its price target to $88 from $81. In the options pits, call volume is accelerated, with possible buy-to-open activity at the April 80 call. Traders purchasing the contracts are looking for further gains above the round-number $80 level by the time the options expire at the close next Friday, April 17.

Looking back, UA options traders have been decidedly put-skewed. The stock's Schaeffer's put/call open interest ratio (SOIR) comes in at 1.47 -- higher than 98% of all readings from the past year. Going by this, short-term traders have been more put-focused only 2% of the time in the last 52 weeks.

UA Put/Call Chart

Under Armour Inc (NYSE:UA) has now added 21.2% in 2015, and could get a boost from more positive attention from analysts. For example, 12 brokerage firms maintain "hold" or worse ratings on the equity. Plus, UA has already surpassed its consensus 12-month price target, which sits at $78.85. In other words, the stage is set for additional upgrades and/or price-target hikes.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI