Rebecca Engmann Darst co-authored this article.
(ANN) - Years ago it was sung of another chipper young professional
with a penchant for snappy clothes, “Who can take a nothing day and make
it all seem worthwhile?” Today it might well have been said of womenswear
maker Ann Taylor. Fashion sense or sixth sense, we’re not sure,
not but option traders had an unusual premonitory purview of the January sales
outlook for this clothing chain. Ahead of this morning’s dire chain-store
sales figures for the holiday hangover month, we’d noticed a tendency in
option traders to seek protection from downside through at-the-money puts
– we saw it in options of theComplete Story »
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