Investors with a lot of money to spend have taken a bullish stance on Dollar Gen DG.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Dollar Gen.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $1,104,740, and there was 1 call, for a total amount of $57,719.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $155.0 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 $120.0 to $155.0 in 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DG | PUT | SWEEP | BULLISH | 07/05/24 | $1.18 | $0.91 | $0.94 | $120.00 | $345.4K | 1.3K | 3.5K |
| DG | PUT | TRADE | BULLISH | 11/15/24 | $27.9 | $27.05 | $27.35 | $155.00 | $158.6K | 565 | 58 |
| DG | PUT | TRADE | BEARISH | 11/15/24 | $27.4 | $27.05 | $27.4 | $155.00 | $153.4K | 565 | 114 |
| DG | PUT | TRADE | BULLISH | 11/15/24 | $29.35 | $27.3 | $27.6 | $155.00 | $151.8K | 565 | 114 |
| DG | PUT | TRADE | BULLISH | 11/15/24 | $28.55 | $27.85 | $27.85 | $155.00 | $139.2K | 565 | 217 |
About Dollar Gen
With over 20,000 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.
Current Position of Dollar Gen
- With a trading volume of 466,007, the price of DG is down by -0.66%, reaching $128.67.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 83 days from now.
Professional Analyst Ratings for Dollar Gen
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $143.6.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Dollar Gen with a target price of $137.
- An analyst from Telsey Advisory Group persists with their Outperform rating on Dollar Gen, maintaining a target price of $170.
- An analyst from Truist Securities persists with their Hold rating on Dollar Gen, maintaining a target price of $135.
- An analyst from Loop Capital has decided to maintain their Hold rating on Dollar Gen, which currently sits at a price target of $135.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Dollar Gen, targeting a price of $141.
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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