TRADE INSTRUCTIONS
Date: November 30, 2017
Name: Target Corp.
Symbol: TGT
Type: Close
Limit: Sell at market              

TRADE RATIONALE
Wow, that was fast! We have only been in this position for two weeks, but after hitting our price target of $63 this morning (and with an annualized gain of more than 200% on the books) we are closing out this position.

Volatility in the retail sector has skyrocketed during the past week in response to holiday sales figures that suggest many retailers, including Target, are fending off Amazon better than expected. But that could quickly change if there is a big drop off in sales this weekend, so I’d rather lock it down now rather than wait to see how the market opens on Monday.