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NaughtyPines

TGT -- TUESDAY PLAY FOR WEDNESDAY BMO EARNINGS

Target Corporation (NYSE:TGT)  
NaughtyPines  
NYSE:TGT   Target Corporation
TGT Earnings ivrank iv shortstrangle
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tgt earnings ivrank iv shortstrangle
TGT (IVR/IV 100/48) announces earnings on Wednesday before market open (BMO), so look to put on any play on Tuesday before NY close.

Nov 27 65/77.5 short strangle
POP%: 75%
Max Profit: $124/contract
BPE: ~$948 (off hours; this may change on market open).
BE's: 63.76/78.74

Look to cover at 50% max profit and redeploy your buying power again elsewhere ... .
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