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Deep-pocketed investors have adopted a bullish approach towards Abercrombie & Fitch (NYSE: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 8 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 75% leaning bullish and 25% bearish. Among these notable options, 2 are puts, totaling $150,300, and 6 are calls, amounting to $670,680.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $185.0 for Abercrombie & Fitch over the recent three months.
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $110.0 to $185.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
ANF | CALL | TRADE | BEARISH | 06/21/24 | $150.00 | $297.5K | 1.4K | 261 |
ANF | PUT | TRADE | BULLISH | 03/22/24 | $149.00 | $123.0K | 0 | 100 |
ANF | CALL | SWEEP | BULLISH | 06/21/24 | $160.00 | $104.1K | 156 | 120 |
ANF | CALL | TRADE | BULLISH | 08/16/24 | $110.00 | $103.8K | 32 | 0 |
ANF | CALL | SWEEP | BEARISH | 11/15/24 | $185.00 | $79.3K | 37 | 65 |
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.
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $132.4.
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.
Posted In: ANF