Deep-pocketed investors have adopted a bearish approach towards Dollar Gen DG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Dollar Gen. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 64% bearish. Among these notable options, 2 are puts, totaling $63,664, and 12 are calls, amounting to $491,003.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $140.0 for Dollar Gen, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Dollar Gen options trades today is 1185.75 with a total volume of 1,966.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dollar Gen's big money trades within a strike price range of $105.0 to $140.0 over the last 30 days.
Dollar Gen Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DG | CALL | SWEEP | NEUTRAL | 12/01/23 | $125.00 | $111.7K | 796 | 373 |
| DG | CALL | SWEEP | BEARISH | 12/01/23 | $125.00 | $55.1K | 796 | 513 |
| DG | CALL | SWEEP | BEARISH | 06/21/24 | $140.00 | $41.3K | 3.2K | 356 |
| DG | CALL | SWEEP | BEARISH | 06/21/24 | $140.00 | $39.9K | 3.2K | 178 |
| DG | CALL | TRADE | BEARISH | 01/17/25 | $130.00 | $38.3K | 611 | 86 |
About Dollar Gen
With more than 19,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or lower.
Having examined the options trading patterns of Dollar Gen, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Dollar Gen
- With a trading volume of 1,650,003, the price of DG is down by 0.0%, reaching $125.68.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 9 days from now.
What The Experts Say On Dollar Gen
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $150.0.
- An analyst from Raymond James has decided to maintain their Outperform rating on Dollar Gen, which currently sits at a price target of $150.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dollar Gen with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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