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Urban Outfitters (URBN) Trading Near $35.26 Resistance Level

Feb 09, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on Urban Outfitters (<a href="">URBN</a>) today after it closed at $32.36 on Feb 8, 2018. For more conservative investors, look at a covered call using the Jun 15, 2018 $31 call for a net debit of about $28.16. This trade will return 10.08% (29.21% annualized, for comparison purposes only) as long as the stock closes above $31 at expiration. Urban OutfittersAcan fall 12.97% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $13 call taking the place of the long stock position and the same short position in the Jun 15, 2018 $31 call. This trade only costs about $16.85 to get into and the rate of return increases to 6.82% (29.21% annualized, for comparison purposes only) but the downside protection falls to 7.75%.

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