Unpacking the Latest Options Trading Trends in Target
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish stance on Target (NYSE:TGT) by big-money investors, with a notable split in sentiment: 23% bullish and 76% bearish. Benzinga's options scanner revealed 13 unusual trades, with a focus on a price band between $140.0 and $220.0. Significant trades include both calls and puts with varying sentiments and expiration dates. Target, the nation's sixth-largest retailer, has seen its stock price increase by 0.81% to $174.95, with analysts giving mixed reviews and price targets ranging from $160 to $191.
March 07, 2024 | 6:01 pm
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Bearish options trading activity observed in Target, with a significant volume of trades indicating a price target range of $140-$220. Analysts have mixed opinions, with price targets ranging from $160 to $191.
The bearish sentiment from big-money investors, as indicated by the options trading activity, suggests a potential downside risk for Target's stock in the short term. The significant volume of bearish trades, despite the stock's recent price increase, could signal market skepticism about its current valuation. Analysts' mixed reviews and the wide range of price targets further contribute to the uncertainty surrounding Target's short-term stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100