Financial giants have made a conspicuous bearish move on Dollar Tree. Our analysis of options history for Dollar Tree DLTR revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $133,260, and 6 were calls, valued at $236,981.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $135.0 for Dollar Tree, spanning the last three months.
Insights into 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 Dollar Tree's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Dollar Tree's substantial trades, within a strike price spectrum from $105.0 to $135.0 over the preceding 30 days.
Dollar Tree Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DLTR | CALL | SWEEP | BULLISH | 06/14/24 | $1.99 | $1.7 | $1.86 | $135.00 | $65.2K | 36 | 731 |
| DLTR | CALL | SWEEP | NEUTRAL | 06/07/24 | $1.79 | $1.42 | $1.59 | $135.00 | $55.6K | 46 | 765 |
| DLTR | PUT | TRADE | BEARISH | 11/15/24 | $17.15 | $16.65 | $17.15 | $130.00 | $39.4K | 103 | 23 |
| DLTR | PUT | SWEEP | NEUTRAL | 06/14/24 | $1.08 | $0.88 | $0.99 | $105.00 | $34.6K | 4.2K | 381 |
| DLTR | CALL | TRADE | BEARISH | 06/21/24 | $6.75 | $6.7 | $6.7 | $120.00 | $33.5K | 1.4K | 78 |
About Dollar Tree
Dollar Tree operates discount stores across the United States and Canada, with over 8,400 shops under its namesake banner and 8,350 under Family Dollar. About 47% of Dollar Tree's sales in fiscal 2023 were composed of consumables (including food, health and beauty, and cleaning products), around 45% from variety items (including toys and homewares), and over 5% from seasonal items. The Dollar Tree banner sells most of its merchandise at the $1.25 price point and positions its stores in well-populated suburban markets. Conversely, Family Dollar primarily sells consumable merchandise (80% of the banner's sales) at prices below $10. About two-thirds of Family Dollar's stores are located in urban and suburban markets, with the remaining one-third located in rural areas.
After a thorough review of the options trading surrounding Dollar Tree, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Dollar Tree
- Trading volume stands at 1,976,374, with DLTR's price up by 2.4%, positioned at $120.78.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 2 days.
What The Experts Say On Dollar Tree
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $160.0.
- Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Dollar Tree, targeting a price of $160.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Dollar Tree options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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