Option traders moderately bearish in Target (TGT), with shares down $2.23 near $95.14. Options volume relatively light with 28k contracts traded and puts leading calls for a put/call ratio of 1.18, compared to a typical level near 2.03. Implied volatility (IV30) is higher by 1.9 points near 34.79,and above the 52wk median, suggesting an expected daily move of $2.09. Put-call skew flattened, suggesting a modestly bullish tone.
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