Retail Stock Moves Lower on Surprise Quarterly Losses

ANF has racked up a 49.7% deficit so far in 2022

Digital Content Manager
Aug 25, 2022 at 10:52 AM
facebook X logo linkedin


Abercrombie & Fitch Co. (NYSE:ANF) is down 2.4% to trade at $18.20 at last check, after the apparel retailer reported surprise second-quarter losses of 30 cents per share and a revenue miss. The company also lowered its full-year sales and margin forecasts due to high inflation.

The equity's usually quiet options pits are running red-hot today. So far, 2,472 calls and  2,126 puts have crossed the tape, which is five times what's typically seen at this point. Most popular is the 8/26 17-strike call, where positions are currently being opened, followed by the October 19 put.

Short-term options traders have been particularly bearish towards Abercrombie & Fitch stock. This is per the security's Schaeffer's put/call open interest ratio (SOIR) of 1.71, which ranks higher than 95% of readings from the past year.

Analysts are yet to chime in on today's results, but were already skeptical, with five of eight in coverage calling the stock a tepid "hold" or worse. Plus, the 7.73 million shares sold short account for 15.7% of the stock's available float, or nearly four days' worth of pent-up buying power.

It's also worth noting ANF's Schaeffer's Volatility Scorecard (SVS) sits at 81 out of 100, suggesting the security has usually outperformed these volatility expectations.

Abercrombie & Fitch stock is today trading at its lowest level since July, breaching recent support from the 40-day moving average. Shares are also eyeing their fifth-straight loss, and have racked up a 49.7% deficit so far in 2022.

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI