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ANF Earnings Signal (2025-05-27)

ANF Earnings Signal (2025-05-27)

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Henry Zhang
May 27, 2025
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ANF Earnings Signal (2025-05-27)
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ANF Earnings Analysis Summary (2025-05-27)

# ANF Earnings Options Trade Plan

## 1. Historical Earnings Analysis - **Average Move Magnitude**: Over the last 8 quarters, ANF has moved on average ±8.6% around earnings. - **Directional Bias**: Mixed—5 positive vs. 3 negative surprises; no strong skew. - **Guidance History**: Management has beaten guidance 4/8 times; credibility is neutral. - **IV Crush Pattern**: Historically a ~25% drop in IV within two days post-earnings.

## 2. Current Setup Evaluation - **Price Action & Volume**: • ANF is at \$73.17, below its 20-day MA (\$74.33) and 50-day MA (\$75.00). • Volume is 1.4× average, suggesting heightened pre-earnings interest. • RSI (14) is 61.3—neutral to slightly bullish momentum but failing at MAs.

- **Options Chain & Unusual Activity**: • Puts OI at strikes \$72–\$74 totals ~700 contracts; calls OI heavy at \$80 (1,966) and \$81 (706). • Put/Call OI ratio ~0.26 (lower than 1), indicating greater call hedging or bullish skew. • Max Pain at \$78, implying mechanical pinning pressure above current price.

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