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.
Whales with a lot of money to spend have taken a noticeably bullish stance on Dollar Gen.
Looking at options history for Dollar Gen (NYSE:DG) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $297,255 and 5, calls, for a total amount of $190,170.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $155.0 for Dollar Gen, spanning the last three months.
Analyzing Volume & Open Interest
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 Gen'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 Gen's whale activity within a strike price range from $135.0 to $155.0 in the last 30 days.
Dollar Gen Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DG | PUT | TRADE | BEARISH | 11/15/24 | $17.55 | $17.1 | $17.55 | $155.00 | $73.7K | 336 | 86 |
| DG | CALL | SWEEP | BULLISH | 05/03/24 | $10.0 | $9.2 | $9.2 | $142.00 | $73.6K | 120 | 80 |
| DG | PUT | TRADE | BEARISH | 11/15/24 | $17.5 | $17.35 | $17.5 | $155.00 | $57.7K | 336 | 39 |
| DG | PUT | TRADE | BULLISH | 06/21/24 | $9.9 | $9.8 | $9.8 | $150.00 | $37.2K | 653 | 39 |
| DG | PUT | TRADE | BULLISH | 11/15/24 | $14.9 | $14.75 | $14.75 | $150.00 | $35.4K | 129 | 29 |
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.
Current Position of Dollar Gen
- Trading volume stands at 668,249, with DG's price down by -0.93%, positioned at $146.41.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 45 days.
What The Experts Say On Dollar Gen
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $166.75.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Dollar Gen, targeting a price of $162.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Dollar Gen, targeting a price of $160.
- Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Dollar Gen, targeting a price of $175.
- Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Dollar Gen with a target price of $170.
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 Dollar Gen options trades with real-time alerts from Benzinga Pro.
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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