Option Strategies: ANF
Hello everyone! Today i want to share some option strategies with you!
1.
$Abercrombie & Fitch(ANF)$ looking primed for an optionselling trade. Looking to sell the 130 or 135 put strike, expiration date tbd but targeting a few weeks out.
- ANF had multiple touches and bounced at the 131 level, thus looking like its established a bottom and solid support level
- Strongest volume level and point-of-control just below the 140 level, so we would expect that to now act as volume support after the strong move up on Friday ... pending confirmation of price action this week
- With rate cuts happening and the economy producing solid economic data, this should bode well for the consumer
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