This Is What Whales Are Betting On Target

This Is What Whales Are Betting On Target

A whale with a lot of money to spend has taken a noticeably bullish stance on Target.

Looking at options history for Target TGT we detected 23 strange trades.

If we consider the specifics of each trade, it is accurate to state that 65% of the investors opened trades with bullish expectations and 34% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $219,577 and 17, calls, for a total amount of $882,012.

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 $147.0 to $200.0 for Target over the last 3 months.

Volume & Open Interest Development

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 $147.0 to $200.0 in the last 30 days.

Target 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
TGT CALL SWEEP BULLISH 12/16/22 $170.00 $108.0K 803 80
TGT CALL TRADE BULLISH 10/21/22 $155.00 $102.5K 714 50
TGT CALL SWEEP BULLISH 10/21/22 $155.00 $92.4K 714 101
TGT CALL SWEEP NEUTRAL 10/21/22 $170.00 $63.6K 2.9K 2.0K
TGT CALL SWEEP BEARISH 09/23/22 $172.50 $55.6K 230 169

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TGT CALL SWEEP BULLISH 12/16/22 $170.00 $108.0K 803 80
TGT CALL TRADE BULLISH 10/21/22 $155.00 $102.5K 714 50
TGT CALL SWEEP BULLISH 10/21/22 $155.00 $92.4K 714 101
TGT CALL SWEEP NEUTRAL 10/21/22 $170.00 $63.6K 2.9K 2.0K
TGT CALL SWEEP BEARISH 09/23/22 $172.50 $55.6K 230 169

Where Is Target Standing Right Now?

  • With a volume of 2,192,009, the price of TGT is up 1.16% at $173.9.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 68 days.

What The Experts Say On Target:

  • Deutsche Bank has decided to maintain their Buy rating on Target, which currently sits at a price target of $193.
  • Truist Securities has decided to maintain their Hold rating on Target, which currently sits at a price target of $165.
  • Stifel has decided to maintain their Hold rating on Target, which currently sits at a price target of $195.
  • Goldman Sachs has decided to maintain their Buy rating on Target, which currently sits at a price target of $205.
  • Raymond James has decided to maintain their Strong Buy rating on Target, which currently sits at a price target of $200.

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.

Posted In: BZI-UOAOptionsMarkets