Moderately bullish activity in Target (TGT), with shares up $2.78, or 2.84%, near $100.53. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.68, compared to a typical level near 1.64. Implied volatility (IV30) is higher by 0.1 points near 31.04,and below the 52wk median, suggesting an expected daily move of $1.97. Put-call skew steepened, indicating increased demand for downside protection.
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