Investors with a lot of money to spend have taken a bearish stance on Abercrombie & Fitch ANF.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ANF, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Abercrombie & Fitch.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $344,555, and 4 are calls, for a total amount of $184,492.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $115.0 for Abercrombie & Fitch over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Abercrombie & Fitch stands at 130.0, with a total volume reaching 876.00. 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 $60.0 to $115.0, throughout the last 30 days.
Abercrombie & Fitch Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ANF | CALL | SWEEP | BULLISH | 03/15/24 | $110.00 | $68.2K | 139 | 111 |
| ANF | PUT | TRADE | BEARISH | 06/21/24 | $105.00 | $65.0K | 118 | 193 |
| ANF | PUT | TRADE | NEUTRAL | 06/21/24 | $105.00 | $65.0K | 118 | 52 |
| ANF | PUT | SWEEP | NEUTRAL | 06/21/24 | $105.00 | $64.5K | 118 | 102 |
| ANF | CALL | SWEEP | BULLISH | 08/16/24 | $60.00 | $60.0K | 20 | 0 |
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.
Where Is Abercrombie & Fitch Standing Right Now?
- With a trading volume of 388,978, the price of ANF is down by -0.19%, reaching $106.38.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 33 days from now.
What The Experts Say On Abercrombie & Fitch
In the last month, 2 experts released ratings on this stock with an average target price of $101.5.
- An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Abercrombie & Fitch, which currently sits at a price target of $105.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Abercrombie & Fitch with a target price of $98.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Abercrombie & Fitch, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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