Options Traders: Time To Buy The Dip On This Struggling Retail Stock

Abercrombie & Fitch (ANF) was a retail success story back in 2023, but has traded sideways since a May 29 record high of $196.99. The bottom fell out earlier this week when the company reported fiscal-year guidance that fell short of expectations — a figure that overshadowed robust holiday sales and demand. ANF took a 15.7% haircut on Monday, its worst single-session decline since a 17% post-earnings drawdown on Aug. 28.Thanks to these two outsized bear gaps, the stock is trading at its lowest level since M ...