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 12 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, 7 are puts, for a total amount of $297,255 and 5, calls, for a total amount of $190,170.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $155.0 for Dollar Gen, spanning the last three months.
Analyzing Volume & Open Interest
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 Gen'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 Gen's whale activity within a strike price range from $135.0 to $155.0 in the last 30 days.
Dollar Gen Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DG | PUT | TRADE | BEARISH | 11/15/24 | $17.55 | $17.1 | $17.55 | $155.00 | $73.7K | 336 | 86 |
| DG | CALL | SWEEP | BULLISH | 05/03/24 | $10.0 | $9.2 | $9.2 | $142.00 | $73.6K | 120 | 80 |
| DG | PUT | TRADE | BEARISH | 11/15/24 | $17.5 | $17.35 | $17.5 | $155.00 | $57.7K | 336 | 39 |
| DG | PUT | TRADE | BULLISH | 06/21/24 | $9.9 | $9.8 | $9.8 | $150.00 | $37.2K | 653 | 39 |
| DG | PUT | TRADE | BULLISH | 11/15/24 | $14.9 | $14.75 | $14.75 | $150.00 | $35.4K | 129 | 29 |
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.
Current Position of Dollar Gen
- Trading volume stands at 668,249, with DG's price down by -0.93%, positioned at $146.41.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 45 days.
What The Experts Say On Dollar Gen
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $166.75.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Dollar Gen, targeting a price of $162.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Dollar Gen, targeting a price of $160.
- 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 Telsey Advisory Group keeps a Outperform rating on Dollar Gen with a target price of $170.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
