Dollar Tree Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Dollar Tree DLTR.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DLTR, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 13 uncommon options trades for Dollar Tree.

This isn't normal.

The overall sentiment of these big-money traders is split between 61% bullish and 38%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $247,007, and 8 are calls, for a total amount of $597,125.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $160.0 for Dollar Tree over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Dollar Tree options trades today is 1913.5 with a total volume of 2,592.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Dollar Tree's big money trades within a strike price range of $120.0 to $160.0 over the last 30 days.

Dollar Tree Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DLTR CALL TRADE BEARISH 08/19/22 $120.00 $185.2K 51 50
DLTR CALL SWEEP BULLISH 08/19/22 $160.00 $130.1K 1.8K 462
DLTR PUT SWEEP BEARISH 09/16/22 $155.00 $84.1K 2.2K 361
DLTR CALL TRADE BULLISH 08/19/22 $160.00 $63.0K 1.8K 598
DLTR CALL SWEEP BULLISH 09/16/22 $160.00 $55.8K 1.7K 128

Where Is Dollar Tree Standing Right Now?

  • With a volume of 1,001,351, the price of DLTR is up 0.53% at $158.65.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 29 days.

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 Dollar Tree, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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