Dollar Tree Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Dollar Tree DLTR.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DLTR, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Dollar Tree.

This isn't normal.

The overall sentiment of these big-money traders is split between 18% bullish and 81%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $37,800, and 10, calls, for a total amount of $398,926..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $175.0 for Dollar Tree over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Dollar Tree options trades today is 582.0 with a total volume of 1,177.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Dollar Tree's big money trades within a strike price range of $150.0 to $175.0 over the last 30 days.

Dollar Tree Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DLTR CALL SWEEP BEARISH 11/17/23 $150.00 $71.2K 44 40
DLTR CALL SWEEP BEARISH 05/19/23 $150.00 $52.7K 2.0K 305
DLTR CALL SWEEP BEARISH 01/19/24 $160.00 $43.2K 462 0
DLTR CALL SWEEP BULLISH 05/19/23 $150.00 $38.1K 2.0K 365
DLTR PUT SWEEP BULLISH 01/19/24 $150.00 $37.8K 551 30

Where Is Dollar Tree Standing Right Now?

  • With a volume of 604,012, the price of DLTR is up 0.52% at $154.47.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 23 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Dollar Tree, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!