Deep-pocketed investors have adopted a bearish approach towards Dollar Tree DLTR, 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 DLTR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Dollar Tree. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 70% bearish. Among these notable options, 8 are puts, totaling $400,935, and 2 are calls, amounting to $64,244.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $145.0 for Dollar Tree over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $110.0 to $145.0 in the last 30 days.
Dollar Tree 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DLTR | PUT | SWEEP | BEARISH | 09/20/24 | $9.65 | $9.5 | $9.65 | $125.00 | $86.8K | 768 | 4 |
| DLTR | PUT | SWEEP | NEUTRAL | 05/10/24 | $1.45 | $1.45 | $1.45 | $121.00 | $72.5K | 3.5K | 519 |
| DLTR | PUT | SWEEP | NEUTRAL | 06/21/24 | $12.6 | $12.4 | $12.4 | $135.00 | $62.0K | 525 | 58 |
| DLTR | PUT | TRADE | BULLISH | 01/17/25 | $11.65 | $11.55 | $11.55 | $125.00 | $54.2K | 1.0K | 49 |
| DLTR | PUT | SWEEP | BEARISH | 01/17/25 | $6.1 | $5.8 | $6.05 | $110.00 | $43.5K | 2.1K | 72 |
About Dollar Tree
Dollar Tree operates discount stores across the United States and Canada, with over 8,400 shops under its namesake banner and 8,350 under Family Dollar. About 47% of Dollar Tree's sales in fiscal 2023 were composed of consumables (including food, health and beauty, and cleaning products), around 45% 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 (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.
Dollar Tree's Current Market Status
- With a trading volume of 3,420,787, the price of DLTR is down by -3.88%, reaching $125.19.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 41 days from now.
What Analysts Are Saying About Dollar Tree
In the last month, 5 experts released ratings on this stock with an average target price of $149.8.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Dollar Tree, targeting a price of $144.
- An analyst from Evercore ISI Group persists with their In-Line rating on Dollar Tree, maintaining a target price of $145.
- An analyst from Telsey Advisory Group has revised its rating downward to Outperform, adjusting the price target to $160.
- Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Dollar Tree with a target price of $160.
- An analyst from Gordon Haskett downgraded its action to Hold with a price target of $140.
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 Tree, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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