Target Unveils Larger-Format Retail Store Plans

The retailer is also gearing up for the holiday season

Deputy Editor
Nov 10, 2022 at 9:43 AM
facebook X logo linkedin

Ahead of a highly anticipated holiday season, Target Corporation (NYSE:TGT) unveiled plans to debut a brand new, larger-format store. The space will have 150,000 square feet -- 20,000 more than the chain average -- which will allow the retail giant to better fulfill same-day orders. While Target will open stores of all sizes over the next few years, these bigger stores will be the main focus. 

In response to the news, TGT is fractionally higher, and was last seen up 0.2% at $153.31. The security's recent performance is underwhelming, to say the least. A mid-May bear gap seems to have put a stamp on Target stock's fate for 2022. The fall drove the shares under the $164 level, and rally attempts were thwarted by the $180 area and, more recently, the 140-day moving average. Going further back, Target stock sports a 40% year-over-year deficit. 

Options traders haven't lost faith in TGT, however. This is per Target stock's 10-day call/put volume ratio of 1.99 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This reading sits higher than 78% of readings from the past 12 months, implying a fierce appetite for calls of late.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI