Financial giants have made a conspicuous bullish move on Dollar Tree. Our analysis of options history for Dollar Tree DLTR revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $559,561, and 2 were calls, valued at $225,540.
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 $140.0 and $155.0 for Dollar Tree, spanning the last three months.
Analyzing 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 Tree'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 Tree's whale trades within a strike price range from $140.0 to $155.0 in the last 30 days.
Dollar Tree Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DLTR | PUT | SWEEP | BULLISH | 01/17/25 | $145.00 | $251.3K | 292 | 93 |
| DLTR | CALL | SWEEP | BULLISH | 02/16/24 | $140.00 | $199.8K | 327 | 457 |
| DLTR | PUT | SWEEP | BULLISH | 06/21/24 | $150.00 | $67.2K | 60 | 40 |
| DLTR | PUT | SWEEP | BULLISH | 01/17/25 | $145.00 | $48.8K | 292 | 224 |
| DLTR | PUT | SWEEP | BULLISH | 01/17/25 | $140.00 | $46.9K | 152 | 127 |
About Dollar Tree
Dollar Tree operates discount stores across the United States and Canada, with over 8,200 shops under its namesake banner and 8,350 under Family Dollar. About 45% of Dollar Tree's sales in fiscal 2022 were composed of consumables (including food, health and beauty, and cleaning products), nearly 50% from variety items (including toys and homewares), and over 5% from seasonal items. The Dollar Tree banner sells most of its merchandise at the $1.25 price point and positions its stores in well-populated suburban markets. Conversely, Family Dollar primarily sells consumable merchandise (nearly 80% of the banner's sales) at prices below $10. About two-thirds of Family Dollar's stores are located in urban and suburban markets, with the remaining one-third located in rural areas.
In light of the recent options history for Dollar Tree, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Dollar Tree's Current Market Status
- With a volume of 1,234,498, the price of DLTR is down -3.27% at $137.88.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 56 days.
What Analysts Are Saying About Dollar Tree
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $149.0.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Dollar Tree, targeting a price of $149.
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 Tree, 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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