Whales with a lot of money to spend have taken a noticeably bullish stance on Dollar Gen.
Looking at options history for Dollar Gen DG we detected 15 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, 10 are puts, for a total amount of $422,444 and 5, calls, for a total amount of $188,589.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $115.0 to $155.0 for Dollar Gen over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Dollar Gen stands at 514.09, with a total volume reaching 1,334.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dollar Gen, situated within the strike price corridor from $115.0 to $155.0, throughout the last 30 days.
Dollar Gen Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DG | CALL | TRADE | BEARISH | 05/10/24 | $13.75 | $13.1 | $13.1 | $140.00 | $61.5K | 0 | 50 |
| DG | PUT | TRADE | BULLISH | 04/19/24 | $2.36 | $2.29 | $2.31 | $148.00 | $57.7K | 294 | 43 |
| DG | PUT | TRADE | BULLISH | 04/12/24 | $4.35 | $4.15 | $4.15 | $152.50 | $52.7K | 586 | 306 |
| DG | PUT | TRADE | NEUTRAL | 04/12/24 | $4.3 | $4.0 | $4.15 | $152.50 | $49.8K | 586 | 56 |
| DG | PUT | SWEEP | BEARISH | 01/17/25 | $9.85 | $9.85 | $9.85 | $135.00 | $47.2K | 934 | 0 |
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.
After a thorough review of the options trading surrounding Dollar Gen, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Dollar Gen
- With a trading volume of 2,440,750, the price of DG is down by -4.27%, reaching $147.78.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 48 days from now.
What Analysts Are Saying About Dollar Gen
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $165.8.
- 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 BMO Capital keeps a Market Perform rating on Dollar Gen with a target price of $160.
- An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on Dollar Gen, which currently sits at a price target of $155.
- An analyst from Telsey Advisory Group upgraded its action to Outperform with a price target of $170.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Dollar Gen, targeting a price of $169.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dollar Gen, Benzinga Pro gives you real-time options trades alerts.
© 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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