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Abercrombie & Fitch (ANF) November volatility at 58, December at 57 into EPS

November 10, 2009 2:52 PM EST
Abercrombie & Fitch (NYSE: ANF) is recently down 2c to $37.57. ANF is expected to report Q3 EPS on November 13. FBR Capital Markets says "Expect in line to slight upside driven by gross margin and SG&A." ANF November option implied volatility is at 58, December is at 52; verses its six-month average of 57, according to Track Data, suggesting decreasing price movement after EPS. Paul Foster

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