A Closer Look at Target's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bearish stance on Target.

Looking at options history for Target TGT we detected 18 trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $938,116 and 6, calls, for a total amount of $203,130.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $175.0 for Target during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Target stands at 1243.45, with a total volume reaching 6,044.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Target, situated within the strike price corridor from $140.0 to $175.0, throughout the last 30 days.

Target 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
TGT PUT TRADE BULLISH 01/16/26 $14.25 $13.55 $13.55 $140.00 $271.0K 309 200
TGT PUT SWEEP BULLISH 09/20/24 $10.35 $10.2 $10.24 $155.00 $69.4K 1.1K 760
TGT PUT TRADE BULLISH 09/20/24 $10.3 $10.15 $10.21 $155.00 $69.4K 1.1K 828
TGT PUT TRADE NEUTRAL 09/20/24 $10.35 $10.15 $10.25 $155.00 $66.6K 1.1K 692
TGT PUT TRADE BULLISH 09/20/24 $9.8 $9.7 $9.74 $155.00 $66.2K 1.1K 10

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 leading 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.

Following our analysis of the options activities associated with Target, we pivot to a closer look at the company's own performance.

Target's Current Market Status

  • Trading volume stands at 3,142,647, with TGT's price down by -1.7%, positioned at $150.43.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 71 days.

What The Experts Say On Target

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $163.4.

  • An analyst from UBS has decided to maintain their Buy rating on Target, which currently sits at a price target of $185.
  • In a cautious move, an analyst from Exane BNP Paribas downgraded its rating to Underperform, setting a price target of $116.
  • Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Target, targeting a price of $180.
  • An analyst from BMO Capital persists with their Market Perform rating on Target, maintaining a target price of $155.
  • An analyst from RBC Capital has decided to maintain their Outperform rating on Target, which currently sits at a price target of $181.

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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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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