Again, as per my forecast of Sept. 3rd, URBN could go long up to resistance area highlithed.
Buy at market open and TP from 47.72 to 48.50.
Stochastic is supporting this idea and SCTR is high enough for a buy.
... for a 2.24 ($224)/contract credit. (High IVR/High IV; Post Earnings Volatility Contraction Play).
Max Profit: $224/contract
Max Loss/Buying Power Effect: $177/contract
Break Evens: 23.27/27.73
Notes: I'm looking to manage this at 25% max profit.