Target Unusual Options Activity For March 25

Whales with a lot of money to spend have taken a noticeably bearish stance on Target.

Looking at options history for Target TGT we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $73,912 and 13, calls, for a total amount of $509,290.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $180.0 for Target over the last 3 months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Target's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Target's substantial trades, within a strike price spectrum from $140.0 to $180.0 over the preceding 30 days.

Target Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Where Is Target Standing Right Now?

• Currently trading with a volume of 2,968,312, the TGT's price is up by 0.81%, now at $170.0.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 51 days.

What The Experts Say On Target

In the last month, 5 experts released ratings on this stock with an average target price of $191.2.

• Maintaining their stance, an analyst from Guggenheim continues to hold a Buy rating for Target, targeting a price of $190.
• Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Target, targeting a price of $195.
• An analyst from RBC Capital persists with their Outperform rating on Target, maintaining a target price of $191.
• An analyst from Citigroup has decided to maintain their Neutral rating on Target, which currently sits at a price target of $180.
• An analyst from Argus Research has decided to maintain their Buy rating on Target, which currently sits at a price target of $200.

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.