Unusual Options Activity: Target (TGT)
Traders bet on drop in shares in the next 9 days.
The January 10th $126 put options on
Target (TGT) saw a five-fold surge in volume, going from 434 open contracts to over 2,050 trade hands. Expiring in just 9 days, the bet will pay off if shares of the retailer, which gained over 90 percent in 2019, will drop just $2 from its price of $128 per share. The option buyer paid about $0.85, so a move to $125 per share would lead ...
Read More About This
