Market Whales and Their Recent Bets on ANF Options
Financial giants have made a conspicuous bearish move on Abercrombie & Fitch. Our analysis of options history for Abercrombie & Fitch (NYSE:ANF) revealed 16 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $156,200, and 11 were calls, valued at $744,121.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $210.0 for Abercrombie & Fitch during the past quarter.
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 $100.0 to $210.0 over the preceding 30 days.
Abercrombie & Fitch Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ANF | CALL | SWEEP | BULLISH | 08/16/24 | $10.0 | $9.7 | $10.0 | $200.00 | $100.0K | 855 | 7 |
| ANF | CALL | TRADE | NEUTRAL | 01/17/25 | $95.0 | $93.8 | $94.39 | $100.00 | $94.3K | 1.2K | 31 |
| ANF | CALL | SWEEP | NEUTRAL | 01/17/25 | $94.2 | $93.2 | $93.79 | $100.00 | $93.7K | 1.2K | 11 |
| ANF | CALL | TRADE | BEARISH | 01/17/25 | $94.1 | $92.8 | $93.32 | $100.00 | $93.3K | 1.2K | 1 |
| ANF | CALL | SWEEP | NEUTRAL | 01/17/25 | $93.4 | $92.1 | $92.71 | $100.00 | $92.6K | 1.2K | 43 |
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.
Following our analysis of the options activities associated with Abercrombie & Fitch, we pivot to a closer look at the company's own performance.
Where Is Abercrombie & Fitch Standing Right Now?
- Currently trading with a volume of 1,144,726, the ANF's price is up by 1.85%, now at $189.5.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 65 days.
Expert Opinions on Abercrombie & Fitch
5 market experts have recently issued ratings for this stock, with a consensus target price of $162.8.
- Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Abercrombie & Fitch with a target price of $152.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Abercrombie & Fitch, targeting a price of $167.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Abercrombie & Fitch, targeting a price of $155.
- Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Abercrombie & Fitch, targeting a price of $150.
- Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Abercrombie & Fitch, targeting a price of $190.
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.