Moderately bullish activity in Target (TGT), with shares up $5.72, or 5.8%, near $104.38. Options volume running well above average with 86k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 1.7. Implied volatility (IV30) is higher by 0.9 points near 32.39,and above the 52wk median, suggesting an expected daily move of $2.13. Put-call skew flattened, suggesting a modestly bullish tone.
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