[ANF] update (Abercrombie & Fitch)

Here is the back link to my prior post on ANF.  Note the puts that were listed in the post.  What was originally pointed out at 45 cents is now 1.55 last trade, very near the 1.56 ask.  Nobody is splitting the spread here, these are going off at ask.

27.00

ANF150220P00027000

1.55

1.37  1.56

So do I think it is time to sell yet? In a word, no.  3.5x is not enough.  The markets are pretty near another big pullback (or worse) and when they go down so will ANF.  ANF will likely trade below $6 before the crash is over.