Market Whales and Their Recent Bets on TGT Options

Financial giants have made a conspicuous bearish move on Target. Our analysis of options history for Target TGT revealed 15 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $474,809, and 4 were calls, valued at $192,004.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $150.0 for Target over the last 3 months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Target's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Target's significant trades, within a strike price range of $115.0 to $150.0, over the past month.

Target Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Target

Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

In light of the recent options history for Target, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Target Standing Right Now?

• Trading volume stands at 2,481,345, with TGT's price up by 0.16%, positioned at $131.54.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 91 days.

Professional Analyst Ratings for Target

5 market experts have recently issued ratings for this stock, with a consensus target price of $141.0.

• An analyst from Telsey Advisory Group persists with their Outperform rating on Target, maintaining a target price of $160.
• In a cautious move, an analyst from TD Cowen downgraded its rating to Market Perform, setting a price target of $148.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Target, targeting a price of $125.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Target, targeting a price of $130.
• Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Target, targeting a price of $142.

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 Target, Benzinga Pro gives you real-time options trades alerts.