Financial giants have made a conspicuous bullish move on Target. Our analysis of options history for Target TGT revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $192,940, and 7 were calls, valued at $359,711.
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 $110.0 and $185.0 for Target, spanning the last three months.
Volume & Open Interest Trends
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 $110.0 to $185.0 in the last 30 days.
Target 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | CALL | SWEEP | BULLISH | 12/20/24 | $1.8 | $1.79 | $1.8 | $180.00 | $90.1K | 977 | 502 |
| TGT | PUT | SWEEP | BULLISH | 11/15/24 | $4.25 | $4.2 | $4.2 | $155.00 | $84.4K | 5.6K | 235 |
| TGT | CALL | SWEEP | BULLISH | 06/20/25 | $6.2 | $5.9 | $6.15 | $185.00 | $55.7K | 235 | 90 |
| TGT | CALL | TRADE | BEARISH | 01/17/25 | $8.95 | $8.5 | $8.5 | $160.00 | $46.7K | 6.1K | 55 |
| TGT | CALL | SWEEP | BEARISH | 11/15/24 | $1.61 | $1.55 | $1.55 | $170.00 | $46.5K | 2.0K | 672 |
About Target
Target serves as the nation's seventh-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.
Current Position of Target
- With a volume of 1,210,121, the price of TGT is up 0.49% at $156.06.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 57 days.
Professional Analyst Ratings for Target
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $180.66666666666666.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from JP Morgan persists with their Neutral rating on Target, maintaining a target price of $167. * Reflecting concerns, an analyst from Melius Research lowers its rating to Buy with a new price target of $180. * An analyst from Telsey Advisory Group persists with their Outperform rating on Target, maintaining a target price of $195.
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.
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