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 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $1,486,020 and 2, calls, for a total amount of $507,260.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $108.0 to $155.0 for Abercrombie & Fitch during the past quarter.
Analyzing Volume & Open Interest
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 $108.0 to $155.0 over the preceding 30 days.
Abercrombie & Fitch Call and Put Volume: 30-Day Overview
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 | BEARISH | 04/05/24 | $25.7 | $23.7 | $24.1 | $108.00 | $482.0K | 200 | 200 |
| ANF | PUT | TRADE | BULLISH | 04/12/24 | $18.4 | $17.9 | $18.0 | $148.00 | $360.0K | 0 | 400 |
| ANF | PUT | TRADE | BEARISH | 04/12/24 | $17.8 | $17.7 | $17.8 | $147.00 | $356.0K | 0 | 400 |
| ANF | PUT | SWEEP | BULLISH | 04/12/24 | $15.8 | $15.6 | $15.6 | $148.00 | $312.0K | 0 | 200 |
| ANF | PUT | SWEEP | BULLISH | 04/12/24 | $14.9 | $14.8 | $14.8 | $147.00 | $296.0K | 0 | 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.
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
Where Is Abercrombie & Fitch Standing Right Now?
- Trading volume stands at 654,246, with ANF's price down by -0.3%, positioned at $131.0.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 49 days.
What The Experts Say On Abercrombie & Fitch
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $137.5.
- An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Abercrombie & Fitch, which currently sits at a price target of $103.
- Reflecting concerns, an analyst from Telsey Advisory Group lowers its rating to Outperform with a new price target of $140.
- An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Abercrombie & Fitch, which currently sits at a price target of $152.
- An analyst from Jefferies has decided to maintain their Buy rating on Abercrombie & Fitch, which currently sits at a price target of $155.
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.
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