Deep-pocketed investors have adopted a bullish 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 12 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 58% leaning bullish and 25% bearish. Among these notable options, 7 are puts, totaling $565,460, and 5 are calls, amounting to $585,890.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $140.0 for Abercrombie & Fitch over the last 3 months.
Volume & Open Interest Development
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 $60.0 to $140.0 in the last 30 days.
Abercrombie & Fitch 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ANF | PUT | SWEEP | BULLISH | 01/17/25 | $26.9 | $26.6 | $26.6 | $135.00 | $316.5K | 22 | 119 |
| ANF | CALL | SWEEP | BULLISH | 08/16/24 | $72.0 | $71.0 | $71.0 | $60.00 | $248.5K | 37 | 70 |
| ANF | CALL | SWEEP | BULLISH | 08/16/24 | $71.1 | $69.0 | $71.1 | $60.00 | $149.3K | 37 | 29 |
| ANF | PUT | SWEEP | NEUTRAL | 01/17/25 | $26.5 | $26.4 | $26.5 | $135.00 | $92.7K | 22 | 166 |
| ANF | CALL | TRADE | NEUTRAL | 05/17/24 | $2.3 | $2.1 | $2.2 | $135.00 | $88.0K | 865 | 417 |
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.
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?
- Currently trading with a volume of 289,490, the ANF's price is down by -0.54%, now at $128.07.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 23 days.
Expert Opinions on Abercrombie & Fitch
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $130.0.
- An analyst from Argus Research persists with their Buy rating on Abercrombie & Fitch, maintaining a target price of $130.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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