It's been a wild week for Abercrombie & Fitch stock.
Shares are recovering from Thursday's 3 percent loss, as investors fled the stock following a downgrade to underweight by Morgan Stanley. And options traders see even bigger moves for the teen retailer ahead of earnings next Wednesday.
Current put and call prices are implying a 13.5 percent move in either direction when it reports next week, according to CNBC Contributor Mike Khouw. That's nearly double the average of 7 percent that it typically moves on earnings.