What the Options Market Tells Us About Dollar Gen

Financial giants have made a conspicuous bullish move on Dollar Gen. Our analysis of options history for Dollar Gen DG revealed 15 unusual trades.

Delving into the details, we found 73% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $139,890, and 11 were calls, valued at $513,791.

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 $85.0 and $155.0 for Dollar Gen, spanning the last three months.

Insights into 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 Gen'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 Gen's whale trades within a strike price range from $85.0 to $155.0 in the last 30 days.

Dollar Gen Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Dollar Gen

With over 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.

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

Where Is Dollar Gen Standing Right Now?

• With a trading volume of 1,248,351, the price of DG is up by 3.46%, reaching $140.66.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 72 days from now.

What Analysts Are Saying About Dollar Gen

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $123.0.

• An analyst from Piper Sandler has decided to maintain their Neutral rating on Dollar Gen, which currently sits at a price target of $127.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Dollar Gen with a target price of $122.
• Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Dollar Gen, targeting a price of $125.
• Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Dollar Gen with a target price of $117.
• An analyst from Telsey Advisory Group downgraded its action to Market Perform with a price target of $124.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dollar Gen with Benzinga Pro for real-time alerts.