27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Someone with a lot of money to spend has taken a bullish stance on Dollar Tree (NASDAQ:DLTR).
And retail traders should know.
We noticed this today when the big position 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 DLTR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Dollar Tree.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $93,845, and 11, calls, for a total amount of $654,569..
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $175.0 for Dollar Tree 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 Tree'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 Tree's whale activity within a strike price range from $130.0 to $175.0 in the last 30 days.
Dollar Tree Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DLTR | CALL | SWEEP | BEARISH | 06/23/23 | $140.00 | $205.8K | 2.7K | 689 |
| DLTR | PUT | SWEEP | BULLISH | 08/18/23 | $145.00 | $93.8K | 250 | 171 |
| DLTR | CALL | TRADE | BEARISH | 01/17/25 | $130.00 | $66.2K | 42 | 20 |
| DLTR | CALL | SWEEP | BULLISH | 06/23/23 | $135.00 | $65.4K | 2.9K | 130 |
| DLTR | CALL | TRADE | BULLISH | 06/23/23 | $135.00 | $51.9K | 2.9K | 772 |
Where Is Dollar Tree Standing Right Now?
- With a volume of 2,931,277, the price of DLTR is up 4.98% at $143.34.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 64 days.
What The Experts Say On Dollar Tree:
- Citigroup has decided to maintain their Buy rating on Dollar Tree, which currently sits at a price target of $167.
- Evercore ISI Group has decided to maintain their In-Line rating on Dollar Tree, which currently sits at a price target of $155.
- Telsey Advisory Group downgraded its action to Outperform with a price target of $165
- Credit Suisse has decided to maintain their Neutral rating on Dollar Tree, which currently sits at a price target of $140.
- JP Morgan has decided to maintain their Neutral rating on Dollar Tree, which currently sits at a price target of $130.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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