Looking At Target's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Target (NYSE:TGT) with 11 unusual options trades detected. 45% of investors opened trades with bullish expectations and 54% with bearish. Whales have been targeting a price range of $125 to $165 for Target over the last 3 months.
June 21, 2023 | 4:05 pm
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NEGATIVE IMPACT
A whale has taken a bearish stance on Target (NYSE:TGT) with 11 unusual options trades detected. 45% of investors opened trades with bullish expectations and 54% with bearish.
The bearish stance taken by a whale on Target indicates that there is a significant amount of money betting on the stock's decline. This could lead to increased selling pressure and a potential short-term decrease in the stock price. The fact that 54% of the investors have bearish expectations also adds to the negative sentiment surrounding the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100