Target - Short Timeframe Short Idea

$TGT

I’m looking at two types of short trades on TGT 0.00%↑ here, with timeframes ranging from intra-day to October - November -

1. Selling Call Spreads against the AVWAP from the earnings gap down (approximately $97). That overhead supply is going to be difficult to navigate through. The $97/ $100 call spread into the end of September is paying about $60 per.

2. I will look to short stock on a breach of Tuesday’s AVWAP. If that doesn’t occur today or tomorrow, I will be watching the $95 level to see if it gets momentum into there before stalling.