Mixed options sentiment in Target (TGT), with shares up 44c, or 0.46%, near $95.46. Options volume roughly in line with average with 104k contracts traded and puts leading calls for a put/call ratio of 2.04, compared to a typical level near 2.07. Implied volatility (IV30) dropped 0.93 near 33.73,and above the 52wk median, suggesting an expected daily move of $2.03. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGT:
- Option traders moderately bearish in Target with shares down 2.29%
- Amazon Gives Members ‘More Time to Shop Deals’ with a 4-Day Prime Day Sale
- Snowflake, CVS, Target, Pinterest, Dell: Insider Moves Unveiled
- Target Shareholders Approve Key Proposals at Annual Meeting
- Option traders moderately bearish in Target with shares up 1.07%