Dark Money Sell Alert: Take a 20% Gain On AEO Calls
When recommending AEO back in May, we reported the ongoing recovery in mall foot traffic could jolt the steady sales trend at American Eagle. More foot traffic could also turbocharge the rapid growth in Aerie sales. But there are rising fears that the delta variant of COVID will temporarily depress mall foot traffic. Our option is now far in the money but has been extra volatile over the past week, so we recommend selling this position now for a nice gain.