Whales with a lot of money to spend have taken a noticeably bullish stance on Target.
Looking at options history for Target (NYSE:TGT) we detected 30 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 19 are puts, for a total amount of $2,263,966 and 11, calls, for a total amount of $591,243.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $160.0 for Target over the recent three 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 $50.0 to $160.0 in the last 30 days.
Target Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
About Target
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.
Target's Current Market Status
- Trading volume stands at 10,577,921, with TGT's price up by 2.35%, positioned at $96.5.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 47 days.
Expert Opinions on Target
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $130.0.
Unusual Options Activity Detected: Smart Money on the Move
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Target, Benzinga Pro gives you real-time options trades alerts.
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