Mixed options sentiment in Target (TGT), with shares up $2.16, or 2.29%, near $96.46. Options volume running well above average with 70k contracts traded and puts leading calls for a put/call ratio of 2.75, compared to a typical level near 1.64. Implied volatility (IV30) dropped 0.03 near 30.59,in the bottom quartile of the past year, suggesting an expected daily move of $1.86. Put-call skew steepened, indicating increased demand for downside protection.
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