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Barchart
Barchart
Mark R. Hake, CFA

Is the Target Stock Drop Overdone? Alternative Play: Long-Dated In-the-Money TGT Call Options

TGT Target ITM Barchart

Has the recent 20% drop in Target Corp (TGT) stock been overdone? On Friday, Nov. 22, 2024, TGT started to rebound. One way to play this is long-dated TGT call options with in-the-money (ITM) strike prices.

TGT closed at $125.01 on Friday, up +2.42% from its day-before trough price of $121.59. This was a $34.59 or -22% decline from its price of $156.56 before its disappointing Nov. 20 Q3 earnings release.

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