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TGT

TGT Channel & ER Run-upRetail hasn’t really been the play in the past couple of weeks but Target $TGT has proven itself to be a strong company throughout this COVID market. $TGT has been following the same strong support line since October, and has been holding the same trend line for the past year. $TGT hit its support on January 28th at the price of $178.01. Since then, it has pushed and closed at $188.86 on Friday February 5th. I alerted a position on Thursday for two 200 call contracts for March 19 expiry. Target has the upwards momentum and can see the levels of $190 then $194 and then a push to $200. Price target set at $200, could see this in the next one to two weeks - above that can run to 210-212 at the top of the channel.
NYSE:TGTLong
by Samirp01
TGT Target Play for Pullback to 180 testTGT Target pretty much top of channel that extends back further than shown here Might be decent opportunity to seek a pullback test 180 previous high... Had quite the move recently Options Call open interest all around 185s Jan & Feb Though its not really a heavily traded options name Also it's not a super liquid name in general so is prone to decent gappy moves +/- Earnings in March Looking to play the 180 Puts in some sort of spread most likely...Maybe the 185s depending on how it open today, hopefully it doesn't gap down before I get the chance to open the position I'm assuming stimulus check hope is priced in after GA elections and that could be one of the drivers of this recent surge higher
NYSE:TGTShort
by Tidal_0BX
PFE 37: Boring but good Risk/Reward in a dangerous market PFE is an enormously profitable company that is not in fashion with the momo crowd or the new kids chasing sexy names. It is however an A+ company with staying power and good dividend yield, a better alternative to bonds in today's near-zero interest rate. As SPY correction is highly likely, it is perhaps a place to park some cash. Also, the market has shown some interest in routing into real economy stocks (with real revenue and profit). TGT, WMT, GE for instance. Technically it has turned upwards, after a sharp and quick sell-off from 43, after all the covid vaccine news. 1st Target is 40.50 To be long around 37 or sell PCS of 37/33. If needed lunch money, one could also sell ATM weekly calls that give out a 2% weekly premium. This is a plan, obviously not any sort of advice.
NYSE:PFELong
by Jonas99
THE WEEK AHEAD: LB, ARMK, TGT EARNINGS; XOP, GDXJ, KRE, IWM/RUTEARNINGS-RELATED VOLATILITY CONTRACTION PLAYS: LB (7/69/16.0%):* Announcing Wednesday after market close. ARMK (11/56/13.1%): Announcing Tuesday before market open. TGT (30/39/8.6%): Announcing Wednesday before market open. Honorable Mentions: LOW (23/39/8.6%): Announcing Wednesday before market open. HD (17/31/6.7%): Announcing Tuesday before market open. WMT (24/30/6.4%): Announcing Tuesday before market open. Pictured here is an LB December 18th (34 days) 29/39 short strangle paying 1.99 at the mid price as of Friday close (.99 at 50% max) with 2 x expected move break evens. EXCHANGE-TRADED FUNDS RANKED BY BANK FOR YOUR BUCK: XOP (14/54/12.7%) GDXJ (15/46/11.3%) KRE (26/45/10.6%) USO (6/50/10.3%) BROAD MARKET RANKED BY BUCK BANG: IWM (25/31/6.9%) QQQ (23/29/6.3%) SPY (16/23/4.9%) EFA (17/20/4.6%) * -- The first number is the implied volatility rank or percentile (i.e., where 30-day implied volatility is relative to where it's been over the past 52 weeks); the second, 30-day implied volatility; and the third, the percentage the December at-the-money short straddle is paying as a function of stock price.
NYSE:LB
by NaughtyPines
18
Target - Pullback tradeThe markets have been selling off over the past few days, leaving most of the sectors in the S&P 500 in the red. A stock that caught my eye today was Target. The discount store's stock prices have been trading near it's 21 day exponential moving average only dipping beneath it temporarily throughout intraday trading sessions. Despite the warning signs of what could be another big sell off, I choose to remain bullish on TGT and consider this to be a pullback trade setup. Of course, we might see price dip below the 21 as it has in the past...but that doesn't seem to be more than a day or two. If it does... then consider the possibility that Target is reversing rather than pulling back. Options speculators should consider the chance of a broad market selloff and at think about using spreads rather than directional plays. If you are trading the stock, plan your trade and trade your plan. Only you know what you can afford.
NYSE:TGTLong
by UnknownUnicorn6775423