Decoding Target's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Target Corporation (NYSE:TGT) has seen significant options trading activity, with a bullish sentiment prevailing among traders. Analysis of 14 unusual trades indicates a majority of bullish positions, with 12 calls and 2 puts. The options suggest a price range of $75.0 to $170.0 for Target. Notable trades include a bullish call with a strike price of $150 expiring on 09/20/24. Target is the sixth-largest retailer in the U.S., with over $100 billion in sales. The stock is currently trading at $133.84, with a slight decline of -0.7%. Analysts have mixed ratings on Target, with an average target price of $140.2.
December 04, 2023 | 4:00 pm
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Target's options activity indicates bullish sentiment, with a price target range of $75-$170. Analysts have mixed ratings, averaging $140.2. The stock is slightly down at $133.84.
The bullish options activity, with a higher number of calls than puts, suggests that traders anticipate an increase in Target's stock price. The average analyst target price supports this sentiment, although the stock is currently experiencing a slight decline. The mixed analyst ratings indicate some uncertainty, but the overall bullish options sentiment and the company's strong retail position suggest a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100