Under Armour (NYSE: UA) is recently trading at $29.90 in pre-open trading, below its close of $37.06.
UA anticipates full year 2007 net revenues to increase approximately 40% to an estimated $605 million.
Stephens Inc says: "Despite UA's pre-announced out-performance in 4Q07, the now anticipated weight of the 1H08 marketing spend to launch the new UA footwear line is obviously putting additional discount on the stock."
UA February option implied volatility of 100 is above its 26-week average of 55 according to Track Data, suggesting larger price risks.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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