Bearish Moves Drive Target's Options Activity Analysis
Understanding Target's Recent Options Activity
Big financial players are demonstrating a bearish outlook on Target. By examining the recent options history for Target Corp (TGT), we discovered a total of 26 significant trades. Among these trades, only 23% reflect bullish sentiments, while a notable 57% are bearish in nature.
Overview of Trades
From the various trades identified, there were 8 put options amounting to $459,421 alongside 18 call options totaling $1,124,687. This disparity shows a strong inclination towards bearish activity in the options market.
Predicted Price Band
Our evaluation indicates that the primary market participants are focusing on a predicted price range between $50.0 and $150.0 for Target shares over the past three months. This range suggests that traders are cautious but also see potential for volatility.
Volume and Open Interest Insights
At present, the average open interest for Target's options stands at 2,292.88, reflecting a total trading volume of 42,700. The metrics available provide a detailed view of both call and put option volumes, highlighting high-value trades within the aforementioned strike price corridor.
Options Volume and Trends Over 30 Days
As we review the last month of trading activity, the fluctuation in options volume and open interest provides insights into trader sentiment and strategic positioning in relation to TGT. Analyzing this data is crucial for understanding market dynamics.
Significant Options Trades Identified
Several notable trades have been observed recently:
- CALL: Bullish sentiment with a total trade price of $147.6K and an expected strike price of $100.00.
- PUT: Bearish outlook with a total trade price of $102.9K targeting the $97.00 strike price.
- CALL: Another bullish tone indicating a $130.00 strike at a value of $94.3K.
About Target Corp
As the country's seventh-largest retailer, Target focuses on offering an exceptional in-store shopping experience alongside a diverse range of trendy clothing, home products, and essential goods at competitive prices. This iconic brand gained prominence during the 1990s and has sustained impressive growth, boasting over 1,900 stores and generating upwards of $100 billion in sales annually.
Current Market Position
Presently, TGT has a volume of approximately 5,141,960, with shares trading at $100.46, reflecting a 3.5% increase. Analyst ratings suggest that the stock is currently in a neutral position between overbought and oversold territories. Anticipation builds for the next earnings report expected to be released in the coming months.
Analyst Perspectives and Ratings
Over the last month, multiple analysts have released insights on TGT stock, indicating an average target price of $110.6. Perspectives vary:
- Truist Securities maintains a Hold rating with a $107 target.
- UBS supports a Buy rating, projecting a price target of $130.
- A cautious stance from Guggenheim has led to a downgrade to Buy with a new target of $115.
- B of A Securities has lowered their rating to Underperform with a price target of $93.
- Evercore ISI Group retains an In-Line rating with a target of $108.
Options Trading Strategy
It’s essential to recognize that trading options can present higher risks compared to stock trading, but they also offer greater profit potential. Experienced traders manage risks through continuous education, strategic entry and exit points, and by monitoring multiple indicators closely.
For those seeking to keep abreast of the latest options trades for Target, financial platforms provide real-time alerts and updates to stay informed.
Frequently Asked Questions
What is the current trading position of Target Corp?
Target is presently trading at $100.46, reflecting a 3.5% increase, with a strong interest from both bullish and bearish traders.
What are the main predictions for Target's stock?
The anticipated price range for Target shares varies between $50.0 and $150.0 based on recent trading activities.
What recent analyst ratings were provided for Target?
Analysts have mixed opinions with ratings ranging from Hold to Buy, with target prices from $93 to $130.
How many trades have been analyzed?
A total of 26 significant trades have been identified in the options market for Target Corp.
What is the sentiment towards Target's options trading?
The sentiment indicates a more bearish outlook, with 57% of trades showing a bearish sentiment compared to 23% being bullish.
About The Author
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