Dollar Tree Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Dollar Tree.

Looking at options history for Dollar Tree DLTR we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $363,327 and 7, calls, for a total amount of $245,767.

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 $40.0 to $85.0 for Dollar Tree over the last 3 months.

Volume & Open Interest Development

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 Dollar Tree'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 Dollar Tree's whale trades within a strike price range from $40.0 to $85.0 in the last 30 days.

Dollar Tree 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Dollar Tree

Dollar Tree operates discount stores across the United States and Canada, with over 8,800 shops under its namesake banner and 7,700 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. Dollar Tree 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 in urban and suburban markets, with the remaining one third located in rural areas.

Where Is Dollar Tree Standing Right Now?

• With a trading volume of 1,959,506, the price of DLTR is up by 1.12%, reaching $65.02.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 6 days from now.

Expert Opinions on Dollar Tree

2 market experts have recently issued ratings for this stock, with a consensus target price of $80.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Dollar Tree, targeting a price of $85. * An analyst from Telsey Advisory Group persists with their Market Perform rating on Dollar Tree, maintaining a target price of $75.

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.