NEW YORK (AVAFIN) -- Target options contracts experienced outstanding call activity during today's trading session.
There were 7.0 calls traded for each put contract yielding a 0.14 put/call ratio.
Specifically, 5,109 put and 35,880 call contracts were traded.
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Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
Shares of TGT closed at $63.09 during the previous session. During the session,
the stock hit a low of $62.58 and high of $63.33. The current trading volume of 5M is
greater than average volume of 4M shares. TGT is trading above
the 50 day moving average and higher than the 200 day moving average.
The stock's 52 week low is $51.76 and 52 week high is $65.80. Within the last month, shares of TGT have gained 1.74% of their value.