Option Greeks measure how Target Corporation (TGT) option prices respond to changes in the stock price (delta and gamma), the passage of time (theta), implied volatility (vega), and interest rates (rho). These charts plot each Greek by strike, so you can see where an expiration's price risk, time decay, and volatility exposure are concentrated. TGT implied volatility is in the upper part of its one-year range, which spreads delta and gamma over a wider range of strikes than usual.
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TGT Option Greeks FAQ
What are option Greeks?
Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).
How do I read the TGT Greeks charts?
Gamma, theta, and vega are largest for strikes near the Target stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.
How does implied volatility affect TGT's Greeks?
Target IV rank is 66, so implied volatility is in the upper part of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 27.9% to 54.3%. See the TGT implied volatility history for a longer view.
How much gamma and delta do TGT options carry in total?
Across all open Target options on Nov 4, 2026, net gamma exposure was $28.26M and net delta exposure was $1.78B per 1% move in the stock. The TGT gamma exposure chart shows where that gamma sits by strike.
What is Target Corporation?
Target's start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating over $104 billion in fiscal 2025 sales.