Benzinga's options scanner has just identified more than 8 option transactions on Target TGT, with a cumulative value of $294,879. Concurrently, our algorithms picked up 4 puts, worth a total of 203,349.
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 $85.0 to $150.0 for Target over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Target stands at 1485.57, with a total volume reaching 988.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Target, situated within the strike price corridor from $85.0 to $150.0, throughout the last 30 days.
Target 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TGT | CALL | SWEEP | BEARISH | 03/15/24 | $140.00 | $174.2K | 4.0K | 52 |
| TGT | PUT | SWEEP | BULLISH | 09/20/24 | $105.00 | $91.6K | 1.0K | 297 |
| TGT | PUT | TRADE | BULLISH | 01/19/24 | $150.00 | $55.6K | 583 | 40 |
| TGT | CALL | TRADE | BULLISH | 01/17/25 | $150.00 | $38.8K | 1.9K | 8 |
| TGT | PUT | SWEEP | BULLISH | 04/19/24 | $135.00 | $30.4K | 674 | 41 |
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.
Target's Current Market Status
- Trading volume stands at 1,109,372, with TGT's price up by 0.75%, positioned at $136.2.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 78 days.
Professional Analyst Ratings for Target
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $145.0.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Target, targeting a price of $135.
- An analyst from Telsey Advisory Group persists with their Outperform rating on Target, maintaining a target price of $160.
- Reflecting concerns, an analyst from TD Cowen lowers its rating to Market Perform with a new price target of $148.
- An analyst from Roth MKM has revised its rating downward to Neutral, adjusting the price target to $140.
- An analyst from Citigroup has decided to maintain their Neutral rating on Target, which currently sits at a price target 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.
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