TD Ameritrade's Chief Strategist Comments On Target's 'Interesting' Earnings Report

TD Ameritrade Chief Strategist JJ Kinahan spoke to Benzinga about Target Corporation's TGT upcoming earnings report on Tuesday afternoon.

Kinahan noted that shares of Target have risen approximately 10 percent since its last earnings report. The strategist added it is "interesting" that the implied volatility is at its 73rd percentile given Target isn't considered a very volatile stock and doesn't see much options value.

Kinahan added that he saw activity at the $76.50 calls which is roughly right at the money. In addition, activity has been observed in the March $77.50 calls.

Shares traded recently at $76.23, down 0.6 percent.