TGT (TGT) options memo

The Read

TGT is down 0.66% today at $154.48.

Options traders lean neutral into 2026-08-21, and neutral further out.

A move through $139.98 would change how dealers hedge this stock.

Key numbers

• Spot: $154.48
• Lean: neutral
• Nearest expiry: Fri 9/18
• Implied move: 2.0%
• ATM implied volatility: 38.1%
• Max pain: $150.00
• Pin strike: $155.00
• Gamma flip: $125.56
• Dealer positioning: SHORT GAMMA
• Call wall: $170.00
• Put wall: $140.00
• Put/call open interest: 1.422