Smart Money Is Betting Big In DLTR Options

Financial giants have made a conspicuous bullish move on Dollar Tree. Our analysis of options history for Dollar Tree DLTR revealed 24 unusual trades.

Delving into the details, we found 45% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $868,944, and 17 were calls, valued at $769,790.

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 $45.0 and $85.0 for Dollar Tree, spanning the last three months.

Analyzing Volume & Open Interest

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 $45.0 to $85.0 in the last 30 days.

Dollar Tree Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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.

Following our analysis of the options activities associated with Dollar Tree, we pivot to a closer look at the company's own performance.

Where Is Dollar Tree Standing Right Now?

• With a volume of 15,902,518, the price of DLTR is up 2.94% at $69.11.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 0 days.

Professional Analyst Ratings for Dollar Tree

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $82.75.

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. * An analyst from Truist Securities persists with their Buy rating on Dollar Tree, maintaining a target price of $76. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Dollar Tree, targeting a price of $85. * Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Dollar Tree, targeting a price of $75. * An analyst from UBS persists with their Buy rating on Dollar Tree, maintaining a target price of $95.

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.