Financial giants have made a conspicuous bearish move on Target. Our analysis of options history for Target TGT revealed 13 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 61% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $165,380, and 8 were calls, valued at $276,965.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $170.0 for Target during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Target options trades today is 869.22 with a total volume of 12,855.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Target's big money trades within a strike price range of $120.0 to $170.0 over the last 30 days.
Target 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TGT | CALL | SWEEP | BEARISH | 07/19/24 | $120.00 | $49.2K | 77 | 9 |
| TGT | PUT | SWEEP | BEARISH | 02/02/24 | $140.00 | $39.7K | 598 | 1.0K |
| TGT | CALL | TRADE | BEARISH | 01/17/25 | $130.00 | $38.5K | 2.3K | 17 |
| TGT | PUT | SWEEP | BEARISH | 04/19/24 | $130.00 | $35.0K | 526 | 0 |
| TGT | CALL | SWEEP | BULLISH | 02/02/24 | $141.00 | $34.3K | 906 | 3.0K |
About Target
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
Present Market Standing of Target
- Currently trading with a volume of 951,803, the TGT's price is down by 0.0%, now at $140.52.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 27 days.
Expert Opinions on Target
In the last month, 2 experts released ratings on this stock with an average target price of $160.0.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Target, which currently sits at a price target of $155.
- An analyst from Morgan Stanley has elevated its stance to Overweight, setting a new price target at $165.
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 Target options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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