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Target put volume heavy and directionally bearish
The Fly

Target put volume heavy and directionally bearish

Bearish flow noted in Target with 11,265 puts trading, or 1.3x expected. Most active are Jun-23 140 puts and Jan-23 160 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 1.75, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 28th.

Published first on TheFly

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