Investors with a lot of money to spend have taken a bullish 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 13 uncommon options trades for Abercrombie & Fitch.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $340,640, and 7 are calls, for a total amount of $493,363.
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 $65.0 to $134.0 for Abercrombie & Fitch over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Abercrombie & Fitch options trades today is 293.55 with a total volume of 1,282.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Abercrombie & Fitch's big money trades within a strike price range of $65.0 to $134.0 over the last 30 days.
Abercrombie & Fitch Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ANF | CALL | TRADE | BULLISH | 03/15/24 | $65.00 | $150.6K | 44 | 0 |
| ANF | CALL | SWEEP | BULLISH | 05/17/24 | $115.00 | $122.5K | 378 | 70 |
| ANF | PUT | TRADE | BEARISH | 06/21/24 | $80.00 | $107.7K | 1.4K | 602 |
| ANF | PUT | SWEEP | BULLISH | 04/19/24 | $130.00 | $64.1K | 34 | 38 |
| ANF | CALL | SWEEP | BULLISH | 01/17/25 | $115.00 | $63.5K | 81 | 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.
In light of the recent options history for Abercrombie & Fitch, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Abercrombie & Fitch's Current Market Status
- Currently trading with a volume of 533,246, the ANF's price is up by 0.02%, now at $121.24.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 12 days.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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