18,000 calls and 3,450 puts traded in American Eagle Outfitters (AEO). The teen apparel retailer is due to report earnings tomorrow morning and recent trades include a multi-exchange sweep of 5,099 Sep 23 calls for 35 cents when the market was 25 to 35 cents. 6,035 traded. Sep 21, Jan 24.5, and Sep 22 calls are the next most actives and 30-day ATM volsa are up 4.5 percent to 42.5. Some players might be positioning for a rally after URBN jumped 18 percent on its results today and ANF saw a 9 percent post-earnings pop a week ago. However, peer ARO did not perform so well after releasing its results — falling 11.1 percent on 8/17.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.