Analyzing the options chain of ANF Abercrombie & Fitch prior to the earnings report this week, I would consider purchasing the 23usd strike price Calls with an expiration date of 2023-5-26, for a premium of approximately $1.55 If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
⋅
ANF Abercrombie & Fitch is trading at $30.29 today after the earnings release, with calls reaching $7.70 from $1.55 when I wrote this article, resulting in a 5X gain. Congrats to all who took this call!