Target (TGT) Offering Possible 36.61% Return Over the Next 10 Calendar Days

This post was originally published on this site

Target’s most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $227.50 short put and a strike $222.50 long put offers a potential 36.61% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $227.50 by expiration. The full premium credit of $1.34 would be kept by the premium seller. The risk of $3.66 would be incurred if the stock dropped below the $222.50 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 above 80 which suggests that the stock is in overbought territory.

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

May Nonfarm Payrolls Report Shows Several Positives: 5 Picks
Mon, 07 Jun 2021 11:03:11 +0000
We have narrowed down our search to five U.S. corporate giants as these have well-established business models and globally acclaimed brand values. These are: FB, GOOGL, NVDA, DOW and TGT.

Private Brands Alone Can’t Save Bed Bath & Beyond
Sun, 06 Jun 2021 16:04:00 +0000
Improvements to Bed Bath & Beyond’s merchandise selection and store environment won’t power a turnaround unless the company first finds a way to boost foot traffic.

10 Best Dividend Stocks to Buy According to Billionaire James Dinan
Fri, 04 Jun 2021 16:58:49 +0000
In this article we discuss the 10 best dividend stocks to buy according to billionaire James Dinan. If you want to skip our detailed analysis of Dinan’s history, investment philosophy, and hedge fund performance, go directly to the 5 Best Dividend Stocks to Buy According to Billionaire James Dinan. James Dinan is an American investor, hedge […]

Retail Earnings Roundup: The Guidance Edition
Fri, 04 Jun 2021 14:10:11 +0000
A look at stocks that have benefited from the at-home trend and what their potential is as things open back up.

Billionaire: $30k/year is not enough to live on
Fri, 04 Jun 2021 13:17:55 +0000
Eldridge co-founder & CEO Todd Boehly joins ‘Influencers with Andy Serwer’ to discuss inflation and income inequality in America.

Be Sociable, Share!

Related Posts