ANF Stock Rides The Retail Wave Lower

ANF is seeing unusual options volume in today's trading

Digital Content Manager
Jan 14, 2019 at 3:13 PM
facebook X logo linkedin

Abercrombie & Fitch Co (NYSE:ANF) stock is taking a hit today after the company revealed weak same-store sales for the fourth quarter -- adding to the retail sector's broader troubles. The company cited a negative impact from currency exchange rates, the calendar setup, and noted weakness in its women's wear category.

At last check, ANF shares were down 4.1% at $19.29, reversing course after trading as high as $20.81 earlier. The shares of the retail concern have struggled to rebound after a bear gap in late August. The equity has recently been contained by the $21 area, as well as its 120-day trendline. 

ANF Since July 2018

Analyst have been eyeing ANF suspiciously, with the majority giving Abercrombie stock a tepid "hold" rating, four slapping it with a "sell" or worse, and only one analyst giving out a "strong buy." Plus, the consensus 12-month price target of $20.46 falls in line with current levels. 

ANF is seeing unusual options volume, too, with about 9,999 puts exchanging hands today -- roughly four times the average intraday pace -- and calls aren't far behind, with the 5,452 contracts traded -- three times faster than the usual clip. Before today's drop, Abercrombie & Fitch's Schaeffer's put/call open interest ratio (SOIR) of 1.65 sat in the highest percentile of its annual range, suggesting that short-term options players haven't been more put-heavy in the past 12 months.

What's more, short sellers have been jumping on the security of late, with the 16.13 million shares sold short representing a whopping 24.7% of the stocks available float, or a week-and-a-half's worth of pent-up buying power, based on average daily trading volumes.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI