The stock of Target (TGT, Financial) saw a decline of $2.23, positioning the shares around $95.14. The recent options activity reveals a moderate bearish sentiment, with a total of 28,000 contracts traded. Puts are currently leading calls, resulting in a put/call ratio of 1.18, which is lower than the typical ratio of about 2.03.
Implied volatility index (IV30) has increased by 1.9 points, reaching 34.79, which is above the median for the past year. This suggests an anticipated daily price movement of $2.09. However, the put-call skew has flattened, indicating a slightly bullish outlook amid the overall scenario.
