This Is What Whales Are Betting On Abercrombie & Fitch

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 8 uncommon options trades for Abercrombie & Fitch.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $165,561, and 3 are calls, for a total amount of $115,134.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $150.0 for Abercrombie & Fitch, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Abercrombie & Fitch's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Abercrombie & Fitch's whale activity within a strike price range from $50.0 to $150.0 in the last 30 days.

Abercrombie & Fitch Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

In light of the recent options history for Abercrombie & Fitch, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Abercrombie & Fitch

• With a volume of 494,439, the price of ANF is up 0.33% at $128.18.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 5 days.

What The Experts Say On Abercrombie & Fitch

In the last month, 3 experts released ratings on this stock with an average target price of $132.33333333333334.

• An analyst from UBS persists with their Neutral rating on Abercrombie & Fitch, maintaining a target price of $130.
• Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Abercrombie & Fitch, targeting a price of $140.
• An analyst from Citigroup persists with their Neutral rating on Abercrombie & Fitch, maintaining a target price of $127.

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.