Financial giants have made a conspicuous bullish move on Target. Our analysis of options history for Target (NYSE:TGT) revealed 21 unusual trades.

Delving into the details, we found 57% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $513,964, and 12 were calls, valued at $441,238.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $200.0 for Target over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $105.0 to $200.0 in the last 30 days.

Target Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Target

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?

• With a volume of 3,636,109, the price of TGT is up 0.13% at $158.7.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 79 days.

Professional Analyst Ratings for Target

5 market experts have recently issued ratings for this stock, with a consensus target price of $175.2.

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.