Under Armour (UARM)

[eastunder]

Schaeffer's Daily Market Blog Features Learning Tree International, The Dress Barn, McDermott, Under Armour, and iShares MSCI Japan Index Fund

2:16 PM Under Armour May Still Have More Upside

Put options on newly traded public company Under Armour (NASDAQ:UARM) are active today as the company is pulling back from highs near the $40 mark reached yesterday. In fact, more than six times the average put volume for UARM has changed hands thus far today. This high level of pessimism toward the security could make today's pullback a good buying opportunity given the strong upward trend of late.