After posting another double-digit percentage decline in same-store sales in March, Abercrombie & Fitch Co. (NYSE: ANF) attracted a wave of put traders. On Thursday, the retailer saw roughly 10,000 puts change hands, more than doubling its average single-day volume of about 4,200 contracts. The bearish bias echoes the sentiment among short-term speculators, as indicated by the stock's Schaeffer's put/call open interest ratio of 1.48. What's more, this ratio ranks in the 83rd percentile when compared to similar readings taken during the past year, implying that near-term traders have been more skeptical of ANF only 17% of the time during the past 12 months.
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