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Mavsfan, since you mentioned it, this should interest you if you haven't seen it. "" Check Out What Whales Are Doing With Dollar Gen
BENZINGA 12:45 PM ET 8/17/2023
Someone with a lot of money to spend has taken a bearish stance on Dollar Gen(NYSE:DG).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DG, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for Dollar Gen.
This isn't normal.
The overall sentiment of these big-money traders is split between 28% bullish and 71%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $196,730, and 10 are calls, for a total amount of $381,341.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $220.0 for Dollar Gen over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Dollar Gen's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Dollar Gen's whale trades within a strike price range from $105.0 to $220.0 in the last 30 days.
Dollar Gen Option Volume And Open Interest Over Last 30 Days
