InvestorsKeyhole Unusual Options Activity

Unusual Options Activity: Traders bet Dollar General Corporation (DG) Stock Will Bounce Back After Today’s Major Selloff

Traders are betting Thursday that Dollar General Corporation (DG) will bounce after today’s major selloff. The stock gapped sharply lower today following fourth-quarter earnings miss. After closing at $120.68 yesterday, DG opened today’s trading at $111.64 and fell as low as $108.75 before bouncing to its current trading price of $110.44. So far today, 5,337 contracts of the April 115 call have changed hands, against open interest of just 10 contracts.

Already a member?

Login to see your Unusual Options Activity Trade Idea.

Not yet a member?

You can receive four timely bull-put credit spreads each market day by joining our InvestorsKeyhole Daily Trade Alerts Service. Our analysts scour the news looking for unusual options activity, how insiders are trading, and breaking news, and publish trades accordingly.

Become A Member

About Dollar General Corporation

A leading American discount retailer, Dollar General operates over 15,000 stores in 44 states, selling branded and private-label products across a wide variety of categories. In fiscal 2018, 78% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 12% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 6% from home products (for example, kitchen supplies, small appliances, and cookware), and 5% from basic apparel. Stores average roughly 7,400 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people. The firm emphasizes value, with more than 80% of its items sold at $5 or less, mostly using an everyday low price strategy.

Download this step-by-step guide on placing InvestorsKeyhole Daily Trade Alerts.

How to place a credit spread

How to place a vertical debit spread


You May Also Like