Behind the Scenes of Target's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on Target (NYSE:TGT), with options trading indicating a split sentiment of 40% bullish and 60% bearish. The largest trades suggest a price window of $150.0 to $200.0 for TGT. Currently, TGT's stock is slightly up by 0.61% at $175.73, with analysts giving mixed ratings ranging from Neutral to Buy, and target prices between $157 and $200. The volume of options and the interest in certain strike prices provide insights into investor expectations and liquidity.
March 28, 2024 | 5:16 pm
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NEUTRAL IMPACT
Bearish options trading trends observed for Target, with a notable volume of trades suggesting a price window of $150-$200. Mixed analyst ratings with target prices between $157 and $200. The stock is currently up by 0.61% at $175.73.
The bearish sentiment in options trading, combined with the mixed analyst ratings, suggests uncertainty about TGT's short-term price direction. The current slight increase in stock price and the specific price window indicated by options trades suggest a neutral short-term impact, as market participants may be waiting for more definitive signals before making significant moves.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100