Check Out What Whales Are Doing With TGT

Someone with a lot of money to spend has taken a bearish stance on Target TGT.

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 TGT, 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 Target.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.

Out of all of the special options we uncovered, 11 are puts, for a total amount of $747,274, and 2 are calls, for a total amount of $104,015.

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 $100.0 to $200.0 for Target over the last 3 months.

Volume & Open Interest Development

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 $100.0 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 PUT TRADE BEARISH 01/13/23 $155.00 $283.2K 2.7K 464
TGT PUT SWEEP BULLISH 01/19/24 $135.00 $90.0K 750 3
TGT PUT TRADE BEARISH 01/20/23 $200.00 $86.0K 139 20
TGT CALL SWEEP BULLISH 01/20/23 $155.00 $76.1K 3.0K 43
TGT PUT TRADE BULLISH 06/16/23 $140.00 $53.7K 1.1K 1

Where Is Target Standing Right Now?

  • With a volume of 631,004, the price of TGT is down -0.8% at $155.1.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 49 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 Target, 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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