The author expresses a bullish view on Target (TGT), highlighting improving earnings momentum, and outlines a protective put strategy by purchasing the stock alongside cheap July 125 puts to hedge downside risk.
The author explicitly states TGT is 'looking great' and bought the stock, using cheap July 125 puts as a hedge. This bullish sentiment is corroborated by external data showing a 2.83% intraday price increase and recent positive news highlighting Target's growth story gaining steam.
关键要点
TGT is showing positive momentum with improving earnings speeds.
The author executed a protective put strategy, buying TGT stock and hedging with July 125 puts priced at 2.51.