Option traders moderately bearish in Target (TGT), with shares up 88c, or 0.96%, near $93.08. Options volume roughly in line with average with 82k contracts traded and puts leading calls for a put/call ratio of 1.35, compared to a typical level near 1.5. Implied volatility (IV30) is higher by 1.1 points near 31.91,and below the 52wk median, suggesting an expected daily move of $1.87. Put-call skew steepened, indicating increased demand for downside protection.
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