Moderately bullish activity in Target (TGT), with shares up 54c, or 0.61%, near $89.10. Options volume relatively light with 19k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 1.16. Implied volatility (IV30) is higher by 0.1 points near 30.62,and below the 52wk median, suggesting an expected daily move of $1.72. Put-call skew steepened, indicating increased demand for downside protection.
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