Deep-pocketed investors have adopted a bearish approach towards Dollar Gen DG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Dollar Gen. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 70% bearish. Among these notable options, 4 are puts, totaling $388,069, and 6 are calls, amounting to $912,140.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $180.0 for Dollar Gen over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Dollar Gen options trades today is 500.88 with a total volume of 694.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dollar Gen's big money trades within a strike price range of $60.0 to $180.0 over the last 30 days.
Dollar Gen Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DG | CALL | TRADE | BULLISH | 01/17/25 | $180.00 | $531.0K | 754 | 3 |
| DG | PUT | TRADE | BEARISH | 11/17/23 | $140.00 | $160.0K | 13 | 100 |
| DG | CALL | SWEEP | NEUTRAL | 02/16/24 | $125.00 | $159.0K | 1.2K | 152 |
| DG | CALL | TRADE | NEUTRAL | 01/19/24 | $125.00 | $99.4K | 818 | 123 |
| DG | PUT | SWEEP | BEARISH | 01/17/25 | $120.00 | $96.5K | 841 | 72 |
About Dollar Gen
With more than 19,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or lower.
Current Position of Dollar Gen
- With a volume of 1,950,947, the price of DG is up 2.43% at $124.28.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 22 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 Gen, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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