Looking At TJX Companies's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on TJX Companies TJX.

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 TJX, 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 9 uncommon options trades for TJX Companies.

This isn't normal.

The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $190,350, and 3 are calls, for a total amount of $159,940.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $100.0 for TJX Companies over the last 3 months.

Volume & Open Interest Trends

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 TJX Companies'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 TJX Companies's whale trades within a strike price range from $85.0 to $100.0 in the last 30 days.

TJX Companies Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About TJX Companies

TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 4,900 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.

Having examined the options trading patterns of TJX Companies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of TJX Companies

• With a trading volume of 1,568,554, the price of TJX is down by -3.91%, reaching $94.51.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 12 days from now.

Expert Opinions on TJX Companies

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $100.0.

• An analyst from Redburn Atlantic downgraded its action to Neutral with a price target of $100.

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 TJX Companies, Benzinga Pro gives you real-time options trades alerts.