Check Out What Whales Are Doing With TJX

Investors with a lot of money to spend have taken a bullish stance on TJX Companies TJX.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TJX, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 13 options trades for TJX Companies.

This isn't normal.

The overall sentiment of these big-money traders is split between 53% bullish and 30%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $37,570, and 12, calls, for a total amount of $678,660.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $125.0 for TJX Companies over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for TJX Companies options trades today is 2280.4 with a total volume of 1,289.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for TJX Companies's big money trades within a strike price range of $105.0 to $125.0 over the last 30 days.

TJX Companies 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About TJX Companies

TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 20,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 5,000 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.

Where Is TJX Companies Standing Right Now?

• Trading volume stands at 1,335,677, with TJX's price down by -0.32%, positioned at $126.01.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 75 days.

Professional Analyst Ratings for TJX Companies

5 market experts have recently issued ratings for this stock, with a consensus target price of $136.0.

Turn $1000 into $1270 in just 20 days?

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. * Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on TJX Companies with a target price of $134. * Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for TJX Companies, targeting a price of $132. * Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for TJX Companies, targeting a price of $131. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for TJX Companies, targeting a price of $138. * An analyst from Jefferies has decided to maintain their Buy rating on TJX Companies, which currently sits at a price target of $145.

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 TJX Companies options trades with real-time alerts from Benzinga Pro.