Calls Purchased on Urban Outfitters, Inc. (URBN)

Shares of Urban Outfitters, Inc. URBN are higher on the session by 4.49%, currently trading at $36.68. The stock has been moving largely higher over the past month and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the March 2011 $35.00 call was purchased 1,000 times, on the offer, on open interest of 1,487 contracts. Overall call volume is now running at 2.40x the daily average with 75% of all calls traded being purchases on the offer. Urban Outfitters, Inc. is a lifestyle specialty retail company that operates under the Urban Outfitters, Anthropologie, Free People and Terrain brands. The company also operates a wholesale segment under the Free People and Leifsdottir brands.