Published: November 28, 2025
Ticker: ANF (Abercrombie & Fitch)
Trade Type: Long-Dated LEAPS Call

📌 Overview

On October 15, 2025, I published a full ANF stock options analysis recommending a LEAPS call entry while ANF was heavily oversold, with bullish divergences forming on the 1H chart.

At the time, the recommended LEAPS was trading around $9.50.
Today — November 28, 2025 — the same contract is now worth $24.00.

This represents a gain of roughly:

+152% Profit

(Exact math shown below)

This Profit Update article walks through:

1. The original setup
2. The performance of the trade
3. New updated technicals
4. Updated options chain & open interest analysis
5. Forward outlook

📈 1. The Original Chart (October 15, 2025)

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Placeholder:

Back then, ANF was trading weakly near the low $70s, forming a multi-month downtrend exhaustion pattern.

Key signals at the time:

• RSI deeply oversold on higher timeframes
• Bullish MACD divergence
• Capitulation-level volume
• Price sitting at 3-month and 12-month support
• Perfect LEAPS environment (oversold + long runway)

This is why the original article indicated a high-probability reversal.

📈 2. Current Chart (November 28, 2025)

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Placeholder:

ANF exploded from the low $70s up to nearly $100, a massive +30% stock move — which amplified the LEAPS performance.

Technicals now show:

• RSI > 80 (strong bullish momentum)
• MACD at a fresh multi-month high
• Volume spike confirming institutional buying
• Clean breakout above previous resistance zones

💰 3. Profit Breakdown: +152% Gain

Entry Price (Oct 15, 2025):

$9.50

Current Price (Nov 28, 2025):

$24.00

✔️ Profit Calculation:

24.00−9.509.50=1.526=152.6%\frac{24.00 – 9.50}{9.50} = 1.526 = 152.6\%9.5024.00−9.50​=1.526=152.6%

Total Profit: +152%

For example:

• 1 contract ($950 → $2,400) = +$1,450 profit
• 5 contracts ($4,750 → $12,000) = +$7,250 profit
• 10 contracts ($9,500 → $24,000) = +$14,500 profit

This trade followed the exact pattern the October article predicted:
Oversold → Accumulation → Momentum shift → Breakout

🧠 4. Updated ANF Technical Re-Analysis

Timeframe: 1H, 4H, Daily as of Nov 28, 2025

RSI:

• Now in overbought territory (80+)
• Indicates extreme strength, not necessarily reversal
• When paired with volume, this usually signals institutional chase buying

MACD:

• Strong bullish expansion
• No bearish crossover forming yet
• Positive histogram confirms trend continuation

Price Action:

• Large green expansion candle off support
• Broke above key resistance at $85, then $95
• Currently consolidating near $98–$100

Volume:

• Major multi-month high
• Confirms trend strength
• Suggests re-rating or fundamental catalyst expected

🔍 5. Updated Options Chain Analysis (LEAPS)

(Insert both old and new options chain images)
Placeholders:

Observations:

• Call-side open interest increased substantially, especially around $75, $100, and $120 strikes
• Put-side OI significantly lower — strong bullish skew
• IV expanded from ~55% to ~70% → boosted LEAPS value even more
• Delta on many OTM strikes increased sharply, showing strong dealer hedging flows

This OI distribution supports continuation toward $105–$115 in the next wave.

🔮 6. Forward Outlook — What Happens Next?

Bullish Case (Primary Scenario):

• If ANF holds above $95, next targets are $105, then $115–120
• Momentum and volume both support the move
• Institutional accumulation seen in both equity & options flow

Neutral Case:

• Sideways consolidation between $95–$100
• Would allow RSI to cool off
• Healthy before another leg up

Bearish Case (Low Probability):

• Break below $92 with volume → revisit $85
• Still above the October lows, long-term bullish structure intact

Important:
Even though the LEAPS are profitable now, the trend structure favors continuation. Many holders will choose to keep a portion of contracts running.

⭐ 7. Summary of This Profit Update

This is a textbook oversold-to-breakout LEAPS trade — the exact type of setup the Alpha+ Framework is designed to capture.

📌 8. What This Means for Future Trades

This trade followed the same system we always use:

The 12-Pillar Alpha+ Framework

• Oversold momentum
• Institutional OI levels
• Long runway DTE
• Good IV environment
• Positive catalysts
• Strong volume confirmation
• Improving technical structure

The ANF trade is proof that this system works consistently when followed with discipline.

⚠️ Disclaimer

This article is for educational and informational purposes only.
It is not financial advice.
I do not hold a position in ANF at the time of writing this article.
Trading options involves substantial risk. Always conduct your own research before trading.