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, 4 are puts, for a total amount of $135,154, and 4 are calls, for a total amount of $245,978.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $170.0 for Abercrombie & Fitch over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $130.0 to $170.0 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 | CALL | SWEEP | BULLISH | 11/15/24 | $9.9 | $9.9 | $9.9 | $140.00 | $105.0K | 623 | 151 |
| ANF | CALL | SWEEP | BEARISH | 11/15/24 | $8.8 | $8.5 | $8.6 | $145.00 | $66.2K | 1.0K | 189 |
| ANF | CALL | SWEEP | BULLISH | 11/15/24 | $10.0 | $9.7 | $10.0 | $140.00 | $43.0K | 623 | 66 |
| ANF | PUT | SWEEP | BEARISH | 10/18/24 | $3.5 | $3.5 | $3.5 | $130.00 | $39.2K | 1.4K | 112 |
| ANF | PUT | SWEEP | BULLISH | 09/20/24 | $31.5 | $28.2 | $30.09 | $170.00 | $37.2K | 13 | 13 |
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.
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?
- Currently trading with a volume of 805,936, the ANF's price is up by 3.36%, now at $140.0.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 61 days.
What The Experts Say On Abercrombie & Fitch
In the last month, 5 experts released ratings on this stock with an average target price of $186.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Jefferies has decided to maintain their Buy rating on Abercrombie & Fitch, which currently sits at a price target of $220. * An analyst from Telsey Advisory Group persists with their Outperform rating on Abercrombie & Fitch, maintaining a target price of $190. * Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Abercrombie & Fitch with a target price of $208. * An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Abercrombie & Fitch, which currently sits at a price target of $147. * An analyst from UBS persists with their Neutral rating on Abercrombie & Fitch, maintaining a target price of $165.
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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