Market Whales and Their Recent Bets on ANF Options

Deep-pocketed investors have adopted a bearish 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 22 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 45% leaning bullish and 54% bearish. Among these notable options, 12 are puts, totaling $865,658, and 10 are calls, amounting to $1,034,827.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $150.0 for Abercrombie & Fitch, spanning the last three months.

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 $70.0 to $150.0 over the preceding 30 days.

Abercrombie & Fitch Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with Abercrombie & Fitch, we pivot to a closer look at the company's own performance.

Present Market Standing of Abercrombie & Fitch

• With a volume of 1,230,539, the price of ANF is down -0.03% at $116.5.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 71 days.

What The Experts Say On Abercrombie & Fitch

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $131.0.

• Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Abercrombie & Fitch, targeting a price of $155.
• An analyst from UBS persists with their Neutral rating on Abercrombie & Fitch, maintaining a target price of $130.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Abercrombie & Fitch with a target price of $103.
• Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Abercrombie & Fitch with a target price of $127.
• An analyst from Telsey Advisory Group has revised its rating downward to Outperform, adjusting the price target to $140.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Abercrombie & Fitch options trades with real-time alerts from Benzinga Pro.