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.
Financial giants have made a conspicuous bullish move on Dollar Gen. Our analysis of options history for Dollar Gen (NYSE:DG) revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $118,262, and 7 were calls, valued at $398,433.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $145.0 to $200.0 for Dollar Gen over the recent 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 Gen'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 Gen's significant trades, within a strike price range of $145.0 to $200.0, over the past month.
Dollar Gen 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DG | CALL | TRADE | BEARISH | 04/19/24 | $11.0 | $10.25 | $10.44 | $150.00 | $86.6K | 607 | 105 |
| DG | CALL | SWEEP | BULLISH | 04/12/24 | $4.1 | $3.85 | $4.0 | $160.00 | $75.6K | 664 | 260 |
| DG | CALL | SWEEP | BULLISH | 04/12/24 | $7.25 | $7.05 | $7.25 | $155.00 | $75.4K | 183 | 205 |
| DG | CALL | TRADE | BULLISH | 01/17/25 | $28.45 | $27.9 | $28.45 | $145.00 | $51.2K | 465 | 18 |
| DG | PUT | SWEEP | BULLISH | 04/19/24 | $1.03 | $1.01 | $1.03 | $155.00 | $50.6K | 1.0K | 113 |
About Dollar Gen
With over 20,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or lower.
After a thorough review of the options trading surrounding Dollar Gen, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Dollar Gen
- With a trading volume of 2,011,507, the price of DG is up by 1.14%, reaching $161.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 56 days from now.
What Analysts Are Saying About Dollar Gen
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $160.6.
- Showing optimism, an analyst from Telsey Advisory Group upgrades its rating to Outperform with a revised price target of $170.
- An analyst from BMO Capital persists with their Market Perform rating on Dollar Gen, maintaining a target price of $160.
- An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Dollar Gen, which currently sits at a price target of $155.
- An analyst from Evercore ISI Group persists with their In-Line rating on Dollar Gen, maintaining a target price of $158.
- An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Dollar Gen, which currently sits at a price target of $160.
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 Gen, 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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