Puts Purchased on Urban Outfitters, Inc. (URBN)

Shares of Urban Outfitters, Inc. URBN are lower on the session by 1.09%, currently trading at $31.77. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the May $32.00 put was purchased 3,000 times, on the offer, on open interest of 194 contracts. Overall put volume is now running at 3.15x the daily average with 82% of all puts 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.