Target Unusual Options Activity For May 30
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Target (NYSE:TGT) with 46 unusual options trades detected. 52% of the investors have bearish expectations, with 35 puts totaling $3,302,543 and 11 calls totaling $419,192. Whales have been targeting a price range of $100 to $200 for Target over the last 3 months.
May 30, 2023 | 8:16 pm
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A whale has taken a bearish stance on Target (NYSE:TGT) with 46 unusual options trades detected. 52% of the investors have bearish expectations, with 35 puts totaling $3,302,543 and 11 calls totaling $419,192.
The article highlights a whale taking a bearish stance on Target with 52% of the investors having bearish expectations. This indicates that there is a significant amount of money betting on the stock price going down in the short term. The high volume of puts compared to calls also supports this bearish outlook. As a result, the short-term impact on Target's stock price is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100