Market Whales and Their Recent Bets on DLTR Options

Investors with a lot of money to spend have taken a bullish stance on Dollar Tree DLTR.

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 DLTR, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Dollar Tree.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 30%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $31,732, and 9, calls, for a total amount of $698,144.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $125.0 for Dollar Tree, spanning the last three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Dollar Tree's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Dollar Tree's significant trades, within a strike price range of $65.0 to $125.0, over the past month.

Dollar Tree Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Dollar Tree

Dollar Tree operates discount stores across the United States and Canada, with over 8,600 shops under its namesake banner and nearly 7,800 under Family Dollar. About 47% of Dollar Tree's sales in fiscal 2023 were composed of consumables (including food, health and beauty, and cleaning products), around 45% 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 (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.

Current Position of Dollar Tree

• Currently trading with a volume of 897,891, the DLTR's price is down by -0.33%, now at $72.7.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 79 days.

What The Experts Say On Dollar Tree

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $79.0.

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. * An analyst from Loop Capital persists with their Hold rating on Dollar Tree, maintaining a target price of $75. * Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Dollar Tree with a target price of $70. * An analyst from Evercore ISI Group persists with their In-Line rating on Dollar Tree, maintaining a target price of $92. * An analyst from Jefferies has decided to maintain their Hold rating on Dollar Tree, which currently sits at a price target of $75. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Dollar Tree, targeting a price of $83.

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.