I closed $ANF 20240419 140.0 CALL$  ,ANF: I’ve collected full premium from this bear call spread after contract expired over 17 days. Premium collection is $71 per contract over $500 maximum risk per contract since the 1st leg is sold call $140 and 2nd leg is buy call $145. I have been net bearish on ANF since Jan 2024 and taking on bearish bias trades on it. After hitting double top at around $140, the stock shows signs of reversal and had dropped >20% in the past 2 weeks into bear territory. It is however now hovering near 100 days MA line so maybe that could provide some temporary support. Will take a break shorting this counter until the price move higher as the risk to reward is less favourable at this pricing.
ANF CALL
04-20 15:47
US20240419 140.0
SidePriceRealized P&L
Buy
Close
0.00+100.00%
Closed
Abercrombie & Fitch
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  • VernaFred
    ·04-22
    Keep up the good work!
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