Under Armour (UARM)

[sirotka3]

I am still learning the whole options market...

Why would the high level of puts (we have no idea how high or low these puts are) indicate whether the stock is bullish or not?

If there are a large amount of puts being traded (say most people who own the stock have made a nice gain and want to sell the puts so that either way they lock into their gains). That means that most shareholders think the stock won't go higher right?