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Shares of Target (TGT - 29-13/16) have hovered near breakeven for most of the day. Despite the lackluster activity in the shares, the October 30 call has traded actively. Over 4,600 contracts have changed hands on this option. Most of the activity is accounted for by a trio of block trades that crossed the tape this morning. It's possible that today's volume is the result of an institutional player exiting a position because the option already was the site of rather large open interest (nearly 24,000 contracts). By comparison, the option with the next highest open interest is the October 27-1/2 call with just over 4,200 contracts of open interest. From a technical perspective, TGT has traded in a range between 26 and 40 for the last year and a half.