Investors with a lot of money to spend have taken a bullish stance on Target TGT.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TGT, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 17 uncommon options trades for Target.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 35%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $1,002,301, and 5 are calls, for a total amount of $269,582.
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What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $170.0 for Target over the last 3 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 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 $120.0 to $170.0 in the last 30 days.
Target Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | PUT | SWEEP | BULLISH | 06/20/25 | $11.2 | $10.9 | $11.0 | $145.00 | $307.0K | 652 | 401 |
| TGT | PUT | SWEEP | BULLISH | 06/20/25 | $9.15 | $7.8 | $7.8 | $135.00 | $162.2K | 774 | 300 |
| TGT | PUT | SWEEP | BEARISH | 06/20/25 | $11.2 | $11.0 | $11.0 | $145.00 | $100.1K | 652 | 1 |
| TGT | CALL | SWEEP | BULLISH | 09/20/24 | $13.25 | $12.9 | $13.13 | $160.00 | $91.9K | 2.6K | 70 |
| TGT | CALL | TRADE | BEARISH | 06/21/24 | $16.45 | $15.85 | $15.85 | $150.00 | $79.2K | 3.9K | 1 |
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.
After a thorough review of the options trading surrounding Target, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Target
- With a volume of 803,125, the price of TGT is down -0.95% at $161.59.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 9 days.
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 Target options trades with real-time alerts from Benzinga Pro.
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