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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.


 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