Can someone please explain this to me? ANF is at an all time high. Well over the peak valuation from it's height of popularity in 2007. The weekly chart is so overbought it's laughable, but is it done? I'm so tempted to start shorting. Each one of these pumps has been followed by an equally ruthless plunge. Will this time be different?
Trade active:
Taking a really small stab here with some ANF 1/19/24 90.00 Puts. This thing needs to breath.
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Especially with TZA sitting on support. Will watch this the rest of the week.
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Getting some momentum here with the market selloff
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ANF truly insane.
Trade closed: target reached:
Wow this took patience. Puts finally green. Taking off half for 25%