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Timberrrrr? 1 of the only 2 open positions I have into tomorrow…… ANF Puts.

$Abercrombie & Fitch (ANF.US)$ Kinda hoping this beast it finished with its long LLOOOOONNNNGGGG term uptrend. If so, this could be one of the best tickers to buy a longer term PUT position. I want to say, “one of best tickers to buy Put LEAPS (3 months out or longer) and HOLD throughout,” but who knows how this will trade.
Considering I watched it rise from like $37 or something all the way up to 130+, with insiders selling along the entire ride, there is probably something more than meet the eye on ANF. Wouldn’t doubt the executives of ANF have a few “friends” in the world of market making. With that said, who knows what it will do, I certainly think its going ti reverse trend, but wouldn’t be surprised if somehow managed to keep trecjing up (longer term). Another likely scenario would be one more push up at the highs and record a double top.
Either way, this is a good one to add to watch list to see how it unfolds. Since ANF has remained in a monster uptrend, without hardly any pullbacks, PUT options are CHEAP!
If someone asked me, what would I recommend for this, ,June monthly expiration 120 / 125/ 130 strikes would be a good bet, especially while prices are so low. Now that I think of it, might be a good idea to even buy a few deep out of the money strikes like 100.
👀 Look at the big drop in volatility in the 3/15 expiration $130 strike call ……..I think its time! (2nd photo)
Timberrrrr? 1 of the only 2 open positions I have into tomorrow…… ANF Puts.
Timberrrrr? 1 of the only 2 open positions I have into tomorrow…… ANF Puts.
Timberrrrr? 1 of the only 2 open positions I have into tomorrow…… ANF Puts.
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  • mizmo : Man, I don't do puts but I would love to get rich bringing down this stupid f****** company lol. they definitely have inside ties I would say by 90% chance so be careful but if I had the spare cash I would do it.

  • RIPPER OP mizmo : If you buy calls at all, puts are essentially no different. Considering we have been in a bull market, most puts traded in recent months have been quick INTRADAY trades based off momentum of a trend.

    and yea…something sketchy going on here. Look at the amount of times insiders have sold throughout the last year .

  • mizmo : damn... I guess they have a "strong future" ahead lol whatever I don't understand and sounds like I'd lose some money but when I see the downside on this one I'll definitely be looking at thanks for pointing it out

  • RIPPER OP mizmo : Yea they have been full of BS articles…..always clearly bought and paid for

    Precisely my intentions……keep eye out for the cyclical downside to begin.  

    In my opinion, it’s likely used as some weird type of hedge against retail/mall short (or long) positions… But a hedge that has a small enough float/or low retail volume / options chain that allows easy control over price. Wouldn’t doubt The truth is somewhere in between similar theory + ANF inside connection to someone in finance.

  • RIPPER OP mizmo : See it today?

  • RIPPER OP : Timber

  • RIPPER OP : Anyone take this advice?

  • Eric Nemzer : still worth it even now?