A Closer Look at Dollar Tree's Options Market Dynamics

Financial giants have made a conspicuous bullish move on Dollar Tree. Our analysis of options history for Dollar Tree DLTR revealed 9 unusual trades.

Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $596,940, and 5 were calls, valued at $247,613.

What's The Price Target?

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 $140.0 for Dollar Tree, spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Dollar Tree stands at 822.14, with a total volume reaching 2,650.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dollar Tree, situated within the strike price corridor from $115.0 to $140.0, throughout the last 30 days.

Dollar Tree 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
DLTR PUT SWEEP BEARISH 07/19/24 $3.9 $3.75 $3.85 $115.00 $269.5K 3.2K 828
DLTR PUT TRADE BULLISH 08/16/24 $5.45 $5.25 $5.3 $115.00 $265.0K 1.3K 546
DLTR CALL SWEEP BULLISH 08/16/24 $4.85 $4.8 $4.85 $115.00 $94.0K 209 198
DLTR CALL SWEEP BULLISH 06/14/24 $1.97 $1.84 $1.87 $115.00 $54.6K 527 351
DLTR CALL SWEEP BULLISH 09/20/24 $5.0 $4.75 $4.87 $125.00 $36.8K 338 75

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.

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

Where Is Dollar Tree Standing Right Now?

  • With a volume of 2,081,041, the price of DLTR is down -1.05% at $113.17.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 77 days.

Expert Opinions on Dollar Tree

5 market experts have recently issued ratings for this stock, with a consensus target price of $141.6.

  • An analyst from BMO Capital persists with their Outperform rating on Dollar Tree, maintaining a target price of $145.
  • Reflecting concerns, an analyst from Citigroup lowers its rating to Neutral with a new price target of $120.
  • Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Dollar Tree with a target price of $143.
  • Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Dollar Tree, targeting a price of $160.
  • Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Dollar Tree with a target price of $140.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dollar Tree with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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