Looking At Dollar Tree's Recent Unusual Options Activity

Financial giants have made a conspicuous bearish move on Dollar Tree. Our analysis of options history for Dollar Tree DLTR revealed 10 unusual trades.

Delving into the details, we found 10% of traders were bullish, while 90% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $84,810, and 8 were calls, valued at $639,186.

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 $140.0 to $160.0 for Dollar Tree during the past quarter.

Volume & Open Interest Trends

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 $140.0 to $160.0 in the last 30 days.

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 8,200 shops under its namesake banner and 8,350 under Family Dollar. About 45% of Dollar Tree's sales in fiscal 2022 were composed of consumables (including food, health and beauty, and cleaning products), nearly 50% 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 (nearly 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 1,236,619, the DLTR's price is down by -0.52%, now at $141.41.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 12 days.

Expert Opinions on Dollar Tree

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $158.5.

• In a positive move, an analyst from Gordon Haskett has upgraded their rating to Buy and adjusted the price target to $160.
• An analyst from JP Morgan upgraded its action to Overweight with a price target of $157.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dollar Tree with Benzinga Pro for real-time alerts.