Target (TGT) call put ratio 1 call to 4 puts after cutting full-year profit forecast

Target (NYSE: TGT) August 72 and 72.5 puts are active on total put volume of 90K puts (22K calls) after the retailer slashed its full-year profit forecast on worse than expected same-store sales. August call option implied volatility is at 28, September is at 18; compared to its 52-week range of 16 to 41.

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