Moderately bullish activity in Target (TGT), with shares up $1.72, or 1.78%, near $97.83. Options volume relatively light with 36k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.93. Implied volatility (IV30) is higher by 0.0 points near 28.87,and below the 52wk median, suggesting an expected daily move of $1.78. Put-call skew steepened, indicating increased demand for downside protection.
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