This Is What Whales Are Betting On Target
Portfolio Pulse from Benzinga Insights
A large bearish position on Target (NYSE:TGT) has been noticed on publicly available options history. Benzinga's options scanner spotted 31 uncommon options trades for Target, with 38% bullish and 61% bearish sentiment. Whales have been targeting a price range of $110 to $150 for Target over the last 3 months.
June 02, 2023 | 7:01 pm
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A large bearish position has been noticed on Target's options history, with 61% bearish sentiment among 31 uncommon options trades. Whales have targeted a price range of $110 to $150 for Target over the last 3 months.
The large bearish position on Target's options history indicates that a significant investor or institution is expecting the stock price to decline in the short term. This bearish sentiment, combined with the targeted price range of $110 to $150, suggests that the stock price may experience downward pressure in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100