AtitPatel

Buying Naked Puts post earnings

Short
AtitPatel Updated   
NASDAQ:URBN   Urban Outfitters, Inc.
Earnings report on May 19.

Earnings estimate is -0.14 EPS, I assume it can't be more than -0.20.
Moreover, I assume the revenue won't beat the estimate.
For the current quarter I believe the company won't be performing as well.

Overall, I assume the stock should go down.

Thanks for reading
Trade active:
A huge miss better than I assumed. -1.41 vs -0.14 EPS
Trade closed manually:
The contract was out of the money on expiry

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