Abercrombie (ANF) is up $2.57 to $37.58 and options volume is running 2X the average daily on upbeat broker commentary Monday. Goldman Sachs upgraded ANF to its Conviction Buy list from Neutral. Credit Suisse upgraded the retailer to Outperform from Neutral on stronger than expected sales at flagship and international Hollistor sales, which makes it more likely ANF will beat Street earnings expectations. The co. is due to report earnings Friday, before the bell. Shares gapped higher on the commentary today and 24K options contracts traded. Most of the action is in the front month (35, 37.5, 39 and 40 calls as well as 35 and 37.5 puts).