Option traders moderately bearish in Target (TGT), with shares down 96c near $94.25. Options volume roughly in line with average with 57k contracts traded and puts leading calls for a put/call ratio of 1.03, compared to a typical level near 1.66. Implied volatility (IV30) is higher by 0.1 points near 30.38,in the bottom quartile of the past year, suggesting an expected daily move of $1.80. Put-call skew flattened, suggesting a modestly bullish tone.
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