Financial giants have made a conspicuous bullish move on Target. Our analysis of options history for Target TGT revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $110,548, and 7 were calls, valued at $338,381.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $127.0 to $165.0 for Target over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Target's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Target's significant trades, within a strike price range of $127.0 to $165.0, over the past month.
Target 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TGT | CALL | TRADE | BULLISH | 01/16/26 | $165.00 | $101.8K | 59 | 72 |
| TGT | PUT | SWEEP | BEARISH | 02/16/24 | $140.00 | $81.7K | 2.0K | 451 |
| TGT | CALL | SWEEP | BULLISH | 02/02/24 | $140.00 | $55.1K | 292 | 468 |
| TGT | CALL | SWEEP | NEUTRAL | 02/02/24 | $127.00 | $43.3K | 2 | 0 |
| TGT | CALL | SWEEP | BULLISH | 02/16/24 | $140.00 | $40.5K | 2.9K | 93 |
About Target
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
Following our analysis of the options activities associated with Target, we pivot to a closer look at the company's own performance.
Present Market Standing of Target
- Currently trading with a volume of 2,469,162, the TGT's price is down by 0.0%, now at $142.53.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 29 days.
What The Experts Say On Target
In the last month, 2 experts released ratings on this stock with an average target price of $160.0.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Target, which currently sits at a price target of $155.
- An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $165.
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 Target, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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