Deep-pocketed investors have adopted a bearish approach towards Dollar Gen DG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Dollar Gen. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 63% bearish. Among these notable options, 5 are puts, totaling $175,086, and 6 are calls, amounting to $205,281.
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What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $155.0 for Dollar Gen during the past quarter.
Insights into 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 $130.0 to $155.0, over the past month.
Dollar Gen 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DG | CALL | SWEEP | BEARISH | 11/15/24 | $155.00 | $48.5K | 64 | 63 |
| DG | PUT | SWEEP | BULLISH | 04/05/24 | $143.00 | $45.4K | 0 | 45 |
| DG | CALL | SWEEP | BULLISH | 05/17/24 | $150.00 | $42.5K | 3.3K | 86 |
| DG | PUT | SWEEP | BEARISH | 05/17/24 | $130.00 | $39.7K | 613 | 97 |
| DG | CALL | TRADE | BEARISH | 06/21/24 | $140.00 | $34.0K | 3.7K | 26 |
About Dollar Gen
With over 19,000 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.
Following our analysis of the options activities associated with Dollar Gen, we pivot to a closer look at the company's own performance.
Present Market Standing of Dollar Gen
- Currently trading with a volume of 765,577, the DG's price is down by -0.07%, now at $140.3.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 17 days.
What The Experts Say On Dollar Gen
In the last month, 1 experts released ratings on this stock with an average target price of $120.0.
- An analyst from JP Morgan persists with their Underweight rating on Dollar Gen, maintaining a target price of $120.
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.
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