What the Options Market Tells Us About Abercrombie & Fitch

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 14 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 7% leaning bullish and 92% bearish. Among these notable options, 10 are puts, totaling $603,735, and 4 are calls, amounting to $423,416.

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Expected Price Movements

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 $120.0 for Abercrombie & Fitch over the last 3 months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $65.0 to $120.0 in the last 30 days.

Abercrombie & Fitch Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

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

Where Is Abercrombie & Fitch Standing Right Now?

• With a volume of 916,488, the price of ANF is down -0.02% at $96.2.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 50 days.

What Analysts Are Saying About Abercrombie & Fitch

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $101.5.

• An analyst from Telsey Advisory Group persists with their Outperform rating on Abercrombie & Fitch, maintaining a target price of $105.
• Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Abercrombie & Fitch with a target price of $98.

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.