Deep-pocketed investors have adopted a bearish approach towards Dollar Gen DG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Dollar Gen. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 70% bearish. Among these notable options, 5 are puts, totaling $389,950, and 5 are calls, amounting to $170,400.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $150.0 for Dollar Gen during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Dollar Gen options trades today is 623.38 with a total volume of 546.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dollar Gen's big money trades within a strike price range of $115.0 to $150.0 over the last 30 days.
Dollar Gen Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DG | PUT | SWEEP | BEARISH | 01/17/25 | $115.00 | $127.2K | 766 | 130 |
| DG | PUT | TRADE | NEUTRAL | 06/21/24 | $135.00 | $86.3K | 591 | 63 |
| DG | PUT | TRADE | BEARISH | 06/21/24 | $135.00 | $83.4K | 591 | 63 |
| DG | PUT | TRADE | NEUTRAL | 04/19/24 | $130.00 | $65.7K | 0 | 0 |
| DG | CALL | TRADE | BEARISH | 01/05/24 | $133.00 | $51.2K | 90 | 186 |
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.
Current Position of Dollar Gen
- Trading volume stands at 1,140,543, with DG's price down by 0.0%, positioned at $130.09.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 83 days.
What The Experts Say On Dollar Gen
In the last month, 5 experts released ratings on this stock with an average target price of $126.8.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Dollar Gen with a target price of $130.
- An analyst from Truist Securities persists with their Hold rating on Dollar Gen, maintaining a target price of $125.
- An analyst from Truist Securities persists with their Hold rating on Dollar Gen, maintaining a target price of $117.
- Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Dollar Gen, targeting a price of $135.
- An analyst from Piper Sandler persists with their Neutral rating on Dollar Gen, maintaining a target price of $127.
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.
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