Financial giants have made a conspicuous bullish move on Target. Our analysis of options history for Target TGT revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $435,115, and 2 were calls, valued at $129,940.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $180.0 for Target during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Target options trades today is 968.75 with a total volume of 396.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Target's big money trades within a strike price range of $150.0 to $180.0 over the last 30 days.
Target 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | PUT | SWEEP | BULLISH | 06/21/24 | $16.3 | $15.2 | $15.15 | $170.00 | $151.5K | 2.8K | 105 |
| TGT | PUT | TRADE | BULLISH | 06/21/24 | $25.25 | $23.95 | $23.95 | $180.00 | $102.9K | 245 | 43 |
| TGT | CALL | SWEEP | BEARISH | 07/19/24 | $10.2 | $10.05 | $10.05 | $155.00 | $100.5K | 283 | 0 |
| TGT | PUT | SWEEP | BEARISH | 08/16/24 | $7.75 | $7.65 | $7.75 | $155.00 | $73.6K | 280 | 39 |
| TGT | PUT | SWEEP | BEARISH | 06/21/24 | $4.55 | $4.45 | $4.55 | $150.00 | $40.9K | 2.7K | 160 |
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 US retailer.Today, Target operates over 1,950 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.
In light of the recent options history for Target, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Target
- Trading volume stands at 1,425,672, with TGT's price up by 0.7%, positioned at $157.53.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 20 days.
Expert Opinions on Target
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $180.0.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Target, targeting a price of $180.
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 Target with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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