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 10 uncommon options trades for Abercrombie & Fitch.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $383,953, and 2 are calls, for a total amount of $56,010.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $108.0 and $150.0 for Abercrombie & Fitch, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Abercrombie & Fitch stands at 242.9, with a total volume reaching 226.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Abercrombie & Fitch, situated within the strike price corridor from $108.0 to $150.0, throughout the last 30 days.
Abercrombie & Fitch Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ANF | PUT | TRADE | BULLISH | 06/21/24 | $34.9 | $34.6 | $34.6 | $145.00 | $69.2K | 31 | 20 |
| ANF | PUT | TRADE | NEUTRAL | 04/19/24 | $1.85 | $1.75 | $1.8 | $109.00 | $63.0K | 160 | 11 |
| ANF | PUT | TRADE | BULLISH | 04/12/24 | $1.95 | $1.8 | $1.8 | $114.00 | $62.6K | 878 | 133 |
| ANF | PUT | TRADE | NEUTRAL | 11/15/24 | $43.7 | $42.9 | $43.3 | $150.00 | $51.9K | 0 | 0 |
| ANF | PUT | SWEEP | BULLISH | 04/19/24 | $13.6 | $13.3 | $13.3 | $125.00 | $41.1K | 443 | 12 |
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
Present Market Standing of Abercrombie & Fitch
- Trading volume stands at 1,020,477, with ANF's price down by -3.98%, positioned at $111.83.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 40 days.
What Analysts Are Saying About Abercrombie & Fitch
In the last month, 1 experts released ratings on this stock with an average target price of $130.0.
- An analyst from Argus Research has decided to maintain their Buy rating on Abercrombie & Fitch, which currently sits at a price target 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
