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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGT:
- Leadership Uncertainty and Competitive Pressures Lead to Sell Rating for Target
- Mixed options sentiment in Target with shares down 1.39%
- Target testing shipping directly from factories, Bloomberg reports
- Consumer Group Calls for Boycott of McDonald’s (MCD) Over Wages and ‘Tax Avoidance’
- Target to maintain 2024 prices on key back-to-school items