Deep-pocketed investors have adopted a bearish approach towards Abercrombie & Fitch ANF, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ANF usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Abercrombie & Fitch. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 12% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $181,920, and 4 are calls, amounting to $229,440.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $250.0 for Abercrombie & Fitch over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Abercrombie & Fitch stands at 304.17, with a total volume reaching 919.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Abercrombie & Fitch, situated within the strike price corridor from $100.0 to $250.0, throughout the last 30 days.
Abercrombie & Fitch Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ANF | CALL | TRADE | NEUTRAL | 07/19/24 | $5.5 | $4.4 | $5.05 | $195.00 | $101.0K | 279 | 9 |
| ANF | PUT | TRADE | BULLISH | 01/17/25 | $46.3 | $45.9 | $45.9 | $210.00 | $59.6K | 5 | 14 |
| ANF | CALL | TRADE | BEARISH | 01/17/25 | $13.0 | $12.8 | $12.8 | $250.00 | $48.6K | 2 | 38 |
| ANF | CALL | TRADE | BEARISH | 01/17/25 | $87.4 | $86.8 | $86.8 | $100.00 | $43.4K | 1.2K | 0 |
| ANF | PUT | TRADE | BEARISH | 06/14/24 | $19.5 | $18.9 | $19.5 | $200.00 | $42.9K | 5 | 46 |
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 consumers 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.
Following our analysis of the options activities associated with Abercrombie & Fitch, we pivot to a closer look at the company's own performance.
Where Is Abercrombie & Fitch Standing Right Now?
- Trading volume stands at 1,084,831, with ANF's price down by -0.28%, positioned at $174.7.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 72 days.
Professional Analyst Ratings for Abercrombie & Fitch
5 market experts have recently issued ratings for this stock, with a consensus target price of $178.4.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Abercrombie & Fitch, targeting a price of $193.
- An analyst from JP Morgan persists with their Neutral rating on Abercrombie & Fitch, maintaining a target price of $167.
- Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Abercrombie & Fitch with a target price of $152.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Abercrombie & Fitch, targeting a price of $172.
- An analyst from Telsey Advisory Group persists with their Outperform rating on Abercrombie & Fitch, maintaining a target price of $208.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Abercrombie & Fitch options trades with real-time alerts from Benzinga Pro.
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