Abercrombie & Fitch's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bullish stance on Abercrombie & Fitch.

Looking at options history for Abercrombie & Fitch ANF we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $172,393 and 6, calls, for a total amount of $463,800.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $150.0 for Abercrombie & Fitch during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Abercrombie & Fitch's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Abercrombie & Fitch's substantial trades, within a strike price spectrum from $100.0 to $150.0 over the preceding 30 days.

Abercrombie & Fitch Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About Abercrombie & Fitch

Abercrombie & Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children. It sells direct to consumer through its stores and websites, which include the Abercrombie & Fitch, Abercrombie kids, and Hollister brands. Most stores are in the United States, but the company does have many stores in Canada, Europe, and Asia. All stores are leased. Abercrombie ships to well over 100 countries via its websites. The company sources its merchandise from dozens of vendors that are primarily located in Asia and Central America. Abercrombie has two distribution centers in Ohio to support its North American operations. It uses third-party distributors for sales in Europe and Asia.

After a thorough review of the options trading surrounding Abercrombie & Fitch, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Abercrombie & Fitch's Current Market Status

• With a volume of 373,802, the price of ANF is up 0.17% at $128.0.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 75 days.

Expert Opinions on Abercrombie & Fitch

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $131.0.

• An analyst from Citigroup has decided to maintain their Neutral rating on Abercrombie & Fitch, which currently sits at a price target of $127.
• An analyst from Jefferies persists with their Buy rating on Abercrombie & Fitch, maintaining a target price of $155.
• An analyst from Telsey Advisory Group has revised its rating downward to Outperform, adjusting the price target to $140.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Abercrombie & Fitch, targeting a price of $130.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Abercrombie & Fitch, targeting a price of $103.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Abercrombie & Fitch with Benzinga Pro for real-time alerts.