Decoding Target's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Target. Our analysis of options history for Target TGT revealed 14 unusual trades.

Delving into the details, we found 64% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $139,240, and 12 were calls, valued at $888,192.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $170.0 for Target during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Target stands at 1580.2, with a total volume reaching 3,185.00. 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 $75.0 to $170.0, throughout the last 30 days.

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.

Present Market Standing of Target

• Trading volume stands at 952,414, with TGT's price down by -0.7%, positioned at $133.84.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 85 days.

Professional Analyst Ratings for Target

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $140.2.

• Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Target, targeting a price of $145.
• An analyst from Citigroup persists with their Neutral rating on Target, maintaining a target price of $142.
• Reflecting concerns, an analyst from TD Cowen lowers its rating to Market Perform with a new price target of $148.
• An analyst from Stifel has decided to maintain their Hold rating on Target, which currently sits at a price target of $141.
• An analyst from JP Morgan persists with their Neutral rating on Target, maintaining a target price of $125.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Target options trades with real-time alerts from Benzinga Pro.