Selling ANF puts for income.
Shares of ANF are breaking higher today after the company announced it will start making same-day deliveries for some online orders. Retail companies that are successfully handling their supply chains and have inventory for the holidays are at an advantage and ANF appears to be one of those winners.
- Sell (to open) 2 ANF December 17th $40 puts
- Limit: $2.65 or more
- The new position will represent roughly 7.8% of our model.
~~~~~~~ - 14:02 Executed
- Sold 2 ANF Dec 17th $40 Puts @ $2.75