Trade of the Week: TGT

Retail Investments, Trade of the Week
by Jay Soloff
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Several key retail stocks sold off sharply last week as inflation and supply chain issues took a toll on earnings. Target (TGT) was hit the hardest and dropped 25% in a day. Costco (COST) and Walmart (WMT) also saw their share prices decline. Options action was mixed on TGT, with some options traders potentially looking for a rebound in the summer. 

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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