Uncommon Options Activity Unveils Bears’ Strategy
With capital overflowing, investors have taken a pessimistic stance on Abercrombie & Fitch ANF.
Our lens into this phenomenon reveals a significant shift in the options market landscape for ANF.
While the identities of these players remain shrouded, these sizable moves often hint at superior insight into potential market shifts.
The trail of breadcrumbs leads to Benzinga‘s options scanner, unveiling 8 notable trades for Abercrombie & Fitch.
This is no ordinary occurrence.
Among these whale trades, sentiments teeter between 37% bullish and 62% bearish.
Of the unique options unearthed, there are 4 puts worth $135,154 and 4 calls worth $245,978.
Exploring Price Projections
Activity suggests that heavyweight investors are angling for a price bracket ranging from $130.0 to $170.0 for Abercrombie & Fitch in the recent quarter.
Analyzing Volume & Open Interest Trends
Monitoring volume and open interest uncovers hidden insights crucial for navigating options trading. This data paints a vivid picture of liquidity and interest levels for ANF’s options within the $130.0 to $170.0 strike price range over the past month.
A Snapshot of ANF’s Options Landscape
Notable Options Trades Uncovered
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ANF | CALL | SWEEP | BULLISH | 11/15/24 | $9.9 | $9.9 | $9.9 | $140.00 | $105.0K | 623 | 151 |
| ANF | CALL | SWEEP | BEARISH | 11/15/24 | $8.8 | $8.5 | $8.6 | $145.00 | $66.2K | 1.0K | 189 |
| ANF | CALL | SWEEP | BULLISH | 11/15/24 | $10.0 | $9.7 | $10.0 | $140.00 | $43.0K | 623 | 66 |
| ANF | PUT | SWEEP | BEARISH | 10/18/24 | $3.5 | $3.5 | $3.5 | $130.00 | $39.2K | 1.4K | 112 |
| ANF | PUT | SWEEP | BULLISH | 09/20/24 | $31.5 | $28.2 | $30.09 | $170.00 | $37.2K | 13 | 13 |
Unveiling Abercrombie & Fitch
Abercrombie & Fitch Co. offers a portfolio of casual clothing, personal-care products, and accessories for men, women, and children. With a retail presence and online sales across several brands, Abercrombie & Fitch caters to a global audience. Renowned for its American roots, the company sources products internationally and maintains distribution centers in Ohio while leveraging third-party distributors for other markets.
Following a thorough options analysis of Abercrombie & Fitch, let’s delve deeper into the company’s current market position and performance.
Assessing Abercrombie & Fitch’s Current Standing
- Trading with a volume of 805,936, ANF’s price has surged by 3.36%, now resting at $140.0.
- RSI indicators hint at a neutral stance between overbought and oversold territories.
- Earnings release is anticipated in 61 days.
Insights from Industry Experts on Abercrombie & Fitch
Recent assessments from 5 experts reveal an average target price of $186.0 for the stock.
Market pundits continue to hold firm on their positions:
- Jefferies’ analyst maintains a Buy rating with a price target of $220.
- Telsey Advisory Group’s analyst affirms an Outperform rating, with a target price of $190.
- Morgan Stanley stands by an Equal-Weight rating and a target price of $147.
- UBS holds a Neutral rating with a target price of $165.
Options trading offers heightened profit potential but is not devoid of risks. Seasoned traders mitigate these risks through daily education, strategic trade entry and exit, multi-indicator tracking, and vigilant market monitoring.
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