Mike Khouw Sees Unusual Bearish Options Activity In Abercrombie & Fitch

Loading...
Loading...
Mike Khouw spoke on
CNBC's Options Action
about trading activity in
Abercrombie & Fitch Co.ANF
on Thursday. He said that three times average daily options volume was traded ahead of earnings report, which is scheduled for next week. The average move on earnings report over the last eight quarters was 7 percent and this time options market is anticipating a move of 13.5 percent. The most active options on Thursday were the March 18 puts. Over 15,000 contracts were bought at $0.20. The breakeven for this trade is at $17.80, which means that
Abercrombie & Fitch
has to drop 26 percent for the trade to be profitable at expiration.
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: CNBCOptionsMarketsMediaMike KhouwOptions Action
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...