Decoding Abercrombie & Fitch's Options Activity: What's the Big Picture?

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

Looking at options history for Abercrombie & Fitch ANF we detected 35 trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $634,278 and 22, calls, for a total amount of $1,233,779.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $190.0 for Abercrombie & Fitch over the recent three months.

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 $80.0 to $190.0 over the preceding 30 days.

Abercrombie & Fitch 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Abercrombie & Fitch, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Abercrombie & Fitch

• With a trading volume of 1,508,880, the price of ANF is up by 1.13%, reaching $132.85.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 2 days from now.

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.

• 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 Citigroup continues to hold a Neutral rating for Abercrombie & Fitch, targeting a price of $127.
• Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Abercrombie & Fitch with a target price of $140.

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.