Looking At Target's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Target Corporation (NYSE:TGT), with a roughly equal split between bullish and bearish expectations. The trades include 3 puts totaling $89,580 and 7 calls totaling $273,494. Whales have been targeting a price range from $100.0 to $120.0 for Target over the last 3 months. The current price of TGT is up 1.6% at $111.31. Analysts from Stifel, Morgan Stanley, HSBC, and Evercore ISI Group have maintained their ratings on Target, with price targets ranging from $130 to $142.
September 29, 2023 | 3:02 pm
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Target Corporation has seen significant unusual options activity, with a split between bullish and bearish expectations. The current price of TGT is up 1.6% at $111.31.
The unusual options activity indicates a high level of interest in the stock, which could lead to increased volatility. However, with an equal split between bullish and bearish expectations, it's unclear what direction the stock will take in the short term. The current price of TGT is up, which could indicate positive momentum, but this could change depending on market conditions and investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100