Target (TGT) Offering Possible 21.21% Return Over the Next 36 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $220.00 short put and a strike $200.00 long put offers a potential 21.21% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $220.00 by expiration. The full premium credit of $3.50 would be kept by the premium seller. The risk of $16.50 would be incurred if the stock dropped below the $200.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Target is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Target is bullish.

The RSI indicator is at 28.83 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Target

Buy Walmart and Target stock before the holidays: analyst
Tue, 12 Oct 2021 18:49:56 +0000
Here's why one analyst thinks shares of Target and Walmart are good buys ahead of the holidays.

Nordstrom is hiring 28,000 employees amid holiday supply chain crunch
Tue, 12 Oct 2021 17:21:17 +0000
Nordstrom (JWN) is looking to hire 28,000 seasonal and regular employees as it gears up for the holidays amid an ongoing supply chain crunch and a tight labor market.

Supply-chain bottlenecks set to be focus of Biden meeting, speech
Tue, 12 Oct 2021 16:12:00 +0000
President Joe Biden is planning to host a meeting Wednesday on supply chains, as disruptions have led to lower world-growth forecasts and threaten to snarl the holiday-shopping season.

Walmart and Target gear up for a holiday shopping boom
Tue, 12 Oct 2021 14:46:40 +0000
Brian Sozzi gives his latest hot take on which big-box retailers are worth investing in as stores like Target and Walmart could experience a big shopping boom this holiday season despite supply chain disruptions.

Target Launches Black Friday Sales Early Amid Supply-Chain Crunch
Tue, 12 Oct 2021 12:41:00 +0000
Target is ushering in the holiday season early this year, dropping Black Friday-like deals in mid-October. “As we approach the holiday season, guests are excited to shop early, and our team is ready to help them prepare so they can celebrate what matters most — time with family and friends,” said Christina Hennington, Target (TGT) executive vice president and chief growth officer, in a statement. Deals are available across Target’s entire catalog, including TVs, headphones, video games, kitchen appliances, and more.

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