Whales with a lot of money to spend have taken a noticeably bearish stance on Target.
Looking at options history for Target TGT we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $250,417 and 3, calls, for a total amount of $190,822.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $175.0 for Target during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Target options trades today is 512.75 with a total volume of 1,069.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Target's big money trades within a strike price range of $100.0 to $175.0 over the last 30 days.
Target Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | CALL | SWEEP | BEARISH | 03/21/25 | $10.4 | $9.7 | $9.7 | $160.00 | $103.8K | 212 | 0 |
| TGT | PUT | SWEEP | BEARISH | 06/20/25 | $20.4 | $19.4 | $20.15 | $155.00 | $50.3K | 527 | 0 |
| TGT | CALL | TRADE | NEUTRAL | 06/20/25 | $51.15 | $49.1 | $50.0 | $100.00 | $50.0K | 22 | 0 |
| TGT | PUT | SWEEP | BEARISH | 06/28/24 | $0.55 | $0.41 | $0.55 | $143.00 | $49.9K | 506 | 7 |
| TGT | PUT | TRADE | NEUTRAL | 07/26/24 | $23.65 | $22.7 | $23.15 | $170.00 | $46.3K | 0 | 0 |
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 leading US retailer.Today, Target operates over 1,950 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.
Where Is Target Standing Right Now?
- With a volume of 1,145,498, the price of TGT is down -0.43% at $146.14.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 49 days.
What Analysts Are Saying About Target
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $141.0.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on Target with a target price of $166.
- An analyst from Exane BNP Paribas downgraded its action to Underperform with a price target of $116.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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