DailyPlay (TGT) – February 2nd, 2022

View TGT Trade

TGT Bullish Opening Trade Signal

Strategy Details

Strategy: Call Debit Spread

Strategy Direction: Bullish

Details: Buy March 4, 2022 $220/$235 Call Vertical @ $5.04 Debit Limit Order

Counter Trend Signal: This is a bullish strategy on a stock that is experiencing a bearish trend. 

1M/6M Trends: Bearish/Bearish

Technical Score: 4/10

OptionsPlay Score: 109

Entering the Trade

Use the following details to enter the trade on your trading platform. Please note that if there is a multi-leg option strategy, it should be entered as a single trade.

Exiting the Trade

As this is a Debit Spread, look to take profits at 75% – 100% gain and cut losses at 50%:

Take Profits: $8.82 – $10.08 Credit

Stop Loss: $2.52 Credit