Mixed options sentiment in Target (TGT), with shares up $2.15 (+2.27%) near $96.44.Options volume relatively light with 40k contracts traded and puts leading calls for a put/call ratio of 1.02, compared to a typical level near 1.05. Implied volatility (IV30) dropped 1.68 near 32.61,and above the 52wk median, suggesting an expected daily move of $1.98. Put-call skew steepened, indicating increased demand for downside protection. following a downgrade to Market Perform at Telsey Advisory.
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