I just got this email on 12/26/12 to buy a put TGT. I do not see much potential to the downside here. Look at the volume spikes on 12/20/12 & 12/21/12. Looks like the smart money people have gotten out. Look at the Very small volume on 12/24*/12. *Admitted this is a small trading day. There is a lot of support in the price range of 60 & 57. It maybe most of the move to the downside has already happened. Last year at about this time TGT’s stock price dropped about 9-10% from its high. This year TGT has dropped about 9% off its high so far. TGT’s price is at this point right now. I would suggest one be causes right here with puts.
I just got this email on 12/26/12 to buy a put TGT. I do not see much potential to the downside here. Look at the volume spikes on 12/20/12 & 12/21/12. Looks like the smart money people have gotten out. Look at the Very small volume on 12/24*/12. *Admitted this is a small trading day. There is a lot of support in the price range of 60 & 57. It maybe most of the move to the downside has already happened. Last year at about this time TGT’s stock price dropped about 9-10% from its high. This year TGT has dropped about 9% off its high so far. TGT’s price is at this point right now. I would suggest one be causes right here with puts.