2300 ANF Mar10 11/12.5 put spreads went up in 2 blocks on the PHLX
Shares of Abercrombie and Fitch Co (ANF) are down .66 to 11.30 today.? ?ANF is near the bottom of the 52 week range.
- Paper traded 2300 ANF Mar10 11/12.5 put spreads for 1.62 and .71.?
- The ADV is 7923 contracts.? ?
- The open interest is 135 and 2553 contracts.
The volume went up in 2 blocks on the PHLX.? The trade looks like a continuing put roll where the customer is long the 12.5s, takes profits and rolls to the 11s.?? For now they want to be short or want the protection through the earnings.
- IV 30 is trading for 71%.?
- HV10 is trading for 42%.?
- IV 30 is above the HV 10.
Abercrombie & Fitch Co. (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.