Target Unusual Options Activity

Financial giants have made a conspicuous bearish move on Target. Our analysis of options history for Target TGT revealed 8 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $156,855, and 4 were calls, valued at $148,600.

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Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $115.0 and $185.0 for Target, spanning the last three months.

Volume & Open Interest Trends

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 Target'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 Target's whale activity within a strike price range from $115.0 to $185.0 in the last 30 days.

Target Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Target

Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

Having examined the options trading patterns of Target, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Target's Current Market Status

• With a trading volume of 1,157,537, the price of TGT is up by 0.47%, reaching $167.37.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 33 days from now.

What Analysts Are Saying About Target

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $195.0.

• An analyst from Tigress Financial has decided to maintain their Buy rating on Target, which currently sits at a price target of $210.
• An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Target, which currently sits at a price target of $185.
• An analyst from Jefferies has decided to maintain their Buy rating on Target, which currently sits at a price target of $205.
• Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Target, targeting a price of $180.

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 Target, Benzinga Pro gives you real-time options trades alerts.