Schaeffer's Option Alert: Put Trading Soars on Abercrombie & Fitch Co. as Stock Struggles

CINCINNATI--(Business Wire)--
Trendy retailer Abercrombie & Fitch Co. (NYSE: ANF) has been the focus of heavy
put trading recently, as options players increase their pessimistic bets toward
the firm. During the past 10 trading sessions, 30,031 puts have been bought to
open, while just 2,973 calls have been bought to open on the International
Securities Exchange (ISE). In other words, 10 puts have been purchased to open
on the ISE for every one call purchased to open. This ratio of puts to calls is
higher than 97% of all those taken during the past year, indicating that
pessimism is on the rise toward the security.

In fact, the Schaeffer's put/call open interest ratio for ANF stands at 1.67, as
put open interest easily outnumbers call open interest among options slated to
expire in less than three months. This ratio is higher than 81% of all those
taken during the past year. In other words, short-term options speculators have
been more skeptical of the shares only 19% of the time during the past 12
months.

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Schaeffer's Investment Research
Jocelynn Drake, 513-589-3800
jdrake@sir-inc.com

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