Dollar Tree Options Trading: A Deep Dive into Market Sentiment

Financial giants have made a conspicuous bullish move on Dollar Tree. Our analysis of options history for Dollar Tree DLTR revealed 18 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $593,014, and 5 were calls, valued at $229,910.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $157.5 for Dollar Tree, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Dollar Tree stands at 360.62, with a total volume reaching 1,903.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dollar Tree, situated within the strike price corridor from $120.0 to $157.5, throughout the last 30 days.

Dollar Tree Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Where Is Dollar Tree Standing Right Now?

• Trading volume stands at 3,814,980, with DLTR's price up by 0.1%, positioned at $128.55.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 70 days.

Professional Analyst Ratings for Dollar Tree

5 market experts have recently issued ratings for this stock, with a consensus target price of $160.4.

• Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Dollar Tree, targeting a price of $160.
• Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Dollar Tree with a target price of $168.
• Reflecting concerns, an analyst from Telsey Advisory Group lowers its rating to Outperform with a new price target of $160.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Dollar Tree, targeting a price of $144.
• An analyst from Loop Capital has decided to maintain their Buy rating on Dollar Tree, which currently sits at a price target of $170.

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.