Target (TGT) IV bid up into EPS and holiday outlook

Target (NYSE: TGT) call put ratio 1 calls to 1 put with focus on November weekly 80 calls and December 78 puts. November weekly call option implied volatility is at 65, December is at 35; compared to its 52-week range of 19 to 44 into the expected release of EPS before the bell on November 20. November weekly $79 straddle priced for a move of 5.8%.

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