ANF
I JUST BOUGHT ANF!Fib retracement after initiation of new uptrend. Low risk entry. First target pierce of $12.
OUT 1/2 POSITION ANF!Out 1/2 position ANF at $11.24. Holding 2nd 1/2 and watching this little bull flag forming.
OPENING: ANF "MONIED" COVERED CALLHere, I'm going covered call because ANF has a small divvy that I want to attempt to grab (.20/$20 per 100 shares), so I need to own the shares to do that. The record date is 3/3, so I will need to hold the shares until at least then. I'm going monied because I just don't trust this thing not to implode somewhat post earnings ... .
Metrics:
Probability of Profit: 73%
Max Profit: $52/contract (+$20 dividend)
Max Loss: $948/contract (assuming the stock goes to $0)
Break Even: 9.48
Notes: Naturally, I'm hoping that the 10 short call stays ITM post-earnings. If it doesn't, I'll be rolling that out to reduce cost basis in my shares. I'll otherwise look to take the trade off as a package for $10 after the date of record, since that's cheaper than being called away (for which there is an onerous fee).
possible bounce back for ANF only because it is over sold..
(i already shorted this 2 days ago and covered Today)
after the last 2 days of free falling
, today we'll see a little bounce back up a little then drop back down a couple percent.
EARNINGS PLAY: ANF NOV 25TH 14.5 SHORT PUTPutting this on a touch early ... . High implied volatility rank/high implied volatility in advance of earnings. I'm looking for a volatility crush after earnings announcement and, of course, bullish or sideways movement ... .
Metrics:
Probability of Profit: 74%
Max Profit: $48/contract
Max Loss/Buying Power Effect: $1402 (assuming the stock goes to 0, and you do nothing); buying power effect is broker dependent)
Break Even: 14.02
Notes: I'll watch this closely. If I get bullish movement plus an ensuing volatility collapse, I'll look to take it off near worthless. Alternatively, if it breaks the short put, I'll roll it out for additional credit, as I'm not particularly interested in owning the stock.
XAUUSD LONG BACK TO 2013 LEVELS INVESTORS CONFIDENCE IN CURRENCY FALLS AND CHINESE INVESTORS BUYING UP GOLD FROM SOUTH AMERICA, WITH A SHORTAGE OF SUPPLY AND MINES DRYING UP WE WILL SEE GOLD GOING LONG. MORE INFO JUST MESSAGE ME.
ANF - AMBERCROMBIE GOING FOR ONE MORE WAVE UP?ANF has broken daily downtrend (red line) with a bullish divergence and a strong impulse. If the rising trendline holds i'm expecting one more wave up. Are the earnings going to push the market higher on 30 August or are they going to break the rising trendline? Let's see how it develops.
ANF - Long (19MAY16)**********
Trade Direction: Neutral (hold until for consolidation & RSI drops)
Execute Price: $69.68 (look for short term pull back at around $23.50 for entry.
Price Target: $25.83
Stop Loss Target: $22.88 (2.93%)
Time Frame: 1-2 weeks
Cross at the EMA50 could signal a trend reversal upward. however RSI shows the stock could overbought. Wait for further consolidation before decision.
**********
ANF OPTIONS EARNINGS PLAYI found another possible play in addition to COST and that is in ANF, which announces on Tuesday before market open.
The current implied volatility rank is 76, and its implied volatility is 97, so it would meet my general high implied volatility/high implied volatility rank standards for a premium selling play.
Given the price of the underlying, I would probably go short strangle (you won't get squat if you go iron condor on a sub-$30 underlying, usually):
March 11th 24/33
Probability of Profit: 74%
Max Profit: $105/contract
Buying Power Effect: Undefined
... but I'll probably look at tweaking this on Monday, depending upon what happens with price during the session.
ANF Day Trade Retest Gap (Brad Reed Mar5,2015)ANF expected to open at 19.82 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
ANF - Price hitting top of downward channelANF has been experiencing a significant downward trend since early September. Each time price has hit the top of the downward channel, price has dropped, continuing the downward trend. Price tends to continue in a trend / channel.
Pros:
1. Price is in a daily bollinger band squeeze
2. OBV continues on a downward slope (often an indication of the direction of the squeeze)
3. Weekly chart shows daily consolidation as a bear flag
4. Price passed through long term support @29.21 and retraced back. This is in the same area of the downward trend.
5. Overall market is showing a lot of weakness right now which will help put pressure on price.
Cons
1. Oscillators showing divergence (MACD& Stochastic)
2. Price has not fallen as fast as it has in the past when top of channel was touched
3. Has fallen $16.56, or 37%, over the last 4 months. Volume has increased recently without significant price spikes. This can indicate institutions are seeing this as a value stock and price has bottomed out.
