Target (TGT) reported earnings that beat, but stock is getting a little extended. Still have a very nice term structure of vol edge as well.
TRADE IDEA
Buy to open TGT 11/29/2019 $124 puts
and
Sell to open TGT 11/22/2019 $124 puts
for a 40 cents net debit
Able to buy a 30 IV and sell a 46 IV