Target (TGT) adds a dime to $54.17 Thursday after reporting September same store sales increase of 1.3 percent. In options activity Thursday, a noteworthy spread is in the Nov 52.5 – 55 (2X1) put spread, 2500X. Looks like 2500 of the 55s bought at $2.18 and 5000 of the 52.5s sold at $1.09, creating a bearish 1X2 at even. Looks opening.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.