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Target call volume above normal and directionally bullish

Bullish option flow detected in Target (TGT) with 22,889 calls trading, 1.4x expected, and implied vol increasing over 3 points to 38.62%. 2/6 weekly 112 calls and Feb-26 110 calls are the most active options, with total volume in those strikes near 10,800 contracts. The Put/Call Ratio is 0.35. Earnings are expected on March 4th.

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