Shares of TGT are beginning to look attractive on both a valuation and dividend yield basis following a sharp sell-off post lowered guidance.
Let’s position for a a consolidation with a bull put spread.
TRADE IDEA
Buy to open TGT Feb $60 puts and sell to open TGT Feb $62.50 puts for a 60 cents net credit.
These are the traditional monthly options that expire 2/17/17.
Tim Biggam
Trader Insight
