I opened $ANF 20240830 135.0 PUT$  ,ANF: collect 3.2% premium on this cash secured put on ANF with strike at $135 which is 15% below current market price. The expiration is set longer at 30th Aug which is 39 days away to allow spreading out of risk as I have other CSP on ANF in play as well. ANF opened $166.78 before settling lower now at $158 indicating selling pressure. The lowered strike with 15% margin before getting in the money helps provide some buffer zone and is slightly below key support area.
ANF PUT
07-22 22:14
US20240830 135.0
SidePriceRealized P&L
Sell
Open
4.35--
Closed
Abercrombie & Fitch
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  • Xiia
    ·07-23
    Nice strategy! Good buffer zone and spreading out risk. [Applaud]
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  • Tom Chow
    ·07-23
    good
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