A whale with a lot of money to spend has taken a noticeably bearish stance on Dollar Gen.
Looking at options history for Dollar Gen DG we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $293,279 and 7, calls, for a total amount of $358,560.
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 $155.0 to $240.0 for Dollar Gen over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $155.0 to $240.0 in the last 30 days.
Dollar Gen Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DG | PUT | SWEEP | BEARISH | 11/17/23 | $200.00 | $171.2K | 157 | 69 |
| DG | CALL | TRADE | BULLISH | 01/17/25 | $185.00 | $157.0K | 32 | 135 |
| DG | CALL | TRADE | BEARISH | 01/19/24 | $190.00 | $47.0K | 227 | 106 |
| DG | PUT | TRADE | NEUTRAL | 01/19/24 | $200.00 | $37.7K | 1.6K | 11 |
| DG | CALL | SWEEP | BULLISH | 09/15/23 | $160.00 | $36.3K | 42 | 37 |
Where Is Dollar Gen Standing Right Now?
- With a volume of 4,907,339, the price of DG is down -3.97% at $159.53.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 80 days.
What The Experts Say On Dollar Gen:
- Atlantic Equities downgraded its action to Neutral with a price target of $170
- Oppenheimer has decided to maintain their Outperform rating on Dollar Gen, which currently sits at a price target of $240.
- Wells Fargo has decided to maintain their Overweight rating on Dollar Gen, which currently sits at a price target of $178.
- Deutsche Bank has decided to maintain their Buy rating on Dollar Gen, which currently sits at a price target of $201.
- BMO Capital has decided to maintain their Market Perform rating on Dollar Gen, which currently sits at a price target of $175.
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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