$ANF 20250627 90.0 CALL$ ANF: Collect 1.2% premium in this covered call with strike at $90. Contract expires in 3 weeks on 27th June. Current trade is replacement trade when the last one expires last Fri with strike at $85. Did raise the strike to $90 for this call to reflect higher price and while still maintain some margin of safety and allow stock to rise and yet not getting assigned. The 6 days of very bearish reversals after earnings on 28th May had cast a long shadow on the stock. Dropping from $105 to current levels of $82. Will take a while to recover so I think $90 strike should be sufficient buffer for the coming 3 weeks with earnings out of the way.
ANF CALL
06-09 22:41
US20250627 90.0
SidePrice | FilledRealized P&L
Sell
Open
1.10
1Lot(s)
--
Closed
Abercrombie & Fitch
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  • DeltaDrift
    ·2025-06-10
    Good strategy adjusting the strike to $90 while collecting 1.2% premium.
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