Target Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Target (NYSE:TGT) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. The whales have been targeting a price range from $90.0 to $180.0 for Target over the last 3 months. The price of TGT is up 0.44% at $135.09, with RSI indicators hinting that the stock may be approaching overbought. Target's next earnings are expected to be released in 19 days.
July 28, 2023 | 7:15 pm
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Unusual options activity indicates a bearish stance on Target. The stock price is up 0.44% at $135.09, with RSI indicators suggesting it may be overbought. Next earnings are expected in 19 days.
The unusual options activity, with a majority bearish sentiment, suggests that big-money traders are expecting a potential drop in Target's stock price. The current price is up, and RSI indicators suggest it may be overbought, which could indicate a potential correction in the near future. The upcoming earnings release could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100