Option update: Abercrombie & Fitch, Deere beat estimates

Posted Nov 21st 2007 11:10AM by Paul Foster
Filed under: Abercrombie and Fitch (ANF), Options, Deere and Co (DE)

Abercrombie & Fitch Co. (NYSE: ANF) reported Q3 total net sales increase of 13% to $973 million. ANF reported Q3 EPS of $1.29 verses consensus estimate of $1.28. ANF announced net income increased 15% to $117.6 million. ANF December option implied volatility of 48 is above its 26-week average of 36 according to Track Data, suggesting larger risk.

Deere & Co. (NYSE: DE) volatility is elevated, with Q4 net sales and revenues up 20%. DE had Q4 EPS of $1.88, above consensus estimates of $1.55. Deere overall option implied volatility of 42 is above its 26-week average of 33 according to Track Data, suggesting larger price risks.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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