Target's Options: A Look at What the Big Money is Thinking

Financial giants have made a conspicuous bullish move on Target. Our analysis of options history for Target TGT revealed 10 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $213,760, and 5 were calls, valued at $218,265.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $170.0 for Target, spanning the last three months.

Volume & Open Interest Development

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 Target'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 Target's whale trades within a strike price range from $105.0 to $170.0 in the last 30 days.

Target Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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

• With a volume of 987,001, the price of TGT is down -0.49% at $133.05.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 84 days.

What Analysts Are Saying About Target

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $138.6.

• An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Target, which currently sits at a price target of $145.
• An analyst from Stifel has decided to maintain their Hold rating on Target, which currently sits at a price target of $141.
• 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.
• Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Target, targeting a price of $135.

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 Target with Benzinga Pro for real-time alerts.