Whales with a lot of money to spend have taken a noticeably bullish stance on Dollar Gen.
Looking at options history for Dollar Gen DG we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 20% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $889,903 and 2, calls, for a total amount of $174,480.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $155.0 for Dollar Gen over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Dollar Gen stands at 639.43, with a total volume reaching 5,779.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dollar Gen, situated within the strike price corridor from $125.0 to $155.0, throughout the last 30 days.
Dollar Gen Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DG | PUT | TRADE | BEARISH | 06/07/24 | $1.81 | $0.96 | $1.5 | $125.00 | $405.7K | 0 | 3.3K |
| DG | PUT | SWEEP | BULLISH | 06/21/24 | $4.35 | $4.25 | $4.25 | $135.00 | $158.9K | 1.1K | 399 |
| DG | CALL | TRADE | BULLISH | 06/21/24 | $4.85 | $4.75 | $4.85 | $150.00 | $145.5K | 670 | 303 |
| DG | PUT | SWEEP | BULLISH | 06/07/24 | $1.5 | $1.47 | $1.52 | $125.00 | $90.4K | 0 | 686 |
| DG | PUT | SWEEP | BULLISH | 05/17/24 | $4.05 | $4.0 | $4.0 | $143.00 | $63.6K | 75 | 301 |
About Dollar Gen
With over 20,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or lower.
After a thorough review of the options trading surrounding Dollar Gen, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Dollar Gen Standing Right Now?
- With a volume of 727,192, the price of DG is down -0.08% at $142.53.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 34 days.
Professional Analyst Ratings for Dollar Gen
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $166.5.
- Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Dollar Gen, targeting a price of $175.
- An analyst from JP Morgan persists with their Neutral rating on Dollar Gen, maintaining a target price of $161.
- An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Dollar Gen, which currently sits at a price target of $160.
- Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Dollar Gen with a target price of $170.
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 Dollar Gen with Benzinga Pro for real-time alerts.
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