Spotlight on Target: Analyzing the Surge in Options Activity

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 20 trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $661,693 and 9, calls, for a total amount of $614,087.

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 $75.0 and $160.0 for Target, spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Target options trades today is 749.71 with a total volume of 2,563.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Target's big money trades within a strike price range of $75.0 to $160.0 over the last 30 days.

Target Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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 $8.05 $7.75 $7.8 $120.00 $234.0K 1.2K 443
TGT CALL TRADE BEARISH 07/19/24 $6.4 $6.3 $6.3 $145.00 $120.9K 1.6K 227
TGT CALL TRADE BEARISH 06/20/25 $20.8 $20.6 $20.6 $145.00 $111.2K 391 55
TGT CALL SWEEP NEUTRAL 07/19/24 $9.5 $9.25 $9.5 $140.00 $94.9K 382 113
TGT CALL TRADE BEARISH 06/20/25 $13.45 $13.35 $13.35 $160.00 $74.7K 296 113

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.

Where Is Target Standing Right Now?

  • Currently trading with a volume of 1,725,235, the TGT's price is up by 1.84%, now at $148.68.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 65 days.

Expert Opinions on Target

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $166.8.

  • An analyst from Truist Securities persists with their Hold rating on Target, maintaining a target price of $153.
  • An analyst from Exane BNP Paribas downgraded its action to Underperform with a price target of $116.
  • An analyst from Baird persists with their Outperform rating on Target, maintaining a target price of $190.
  • An analyst from Telsey Advisory Group persists with their Outperform rating on Target, maintaining a target price of $190.
  • Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Target, targeting a price of $185.

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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