Moderately bullish activity in Target (TGT), with shares up $1.32, or 1.21%, near $111.14. Options volume roughly in line with average with 80k contracts traded and puts leading calls for a put/call ratio of 1.39, compared to a typical level near 1.26. Implied volatility (IV30) is higher by 0.6 points near 35.11,and above the 52wk median, suggesting an expected daily move of $2.46. Put-call skew flattened, suggesting a modestly bullish tone.
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