$Target(TGT)$ recent earnings miss and subsequent 20% drop in share price may appear to signal trouble, but for options traders like me, this sharp move could present a lucrative opportunity. While the retailer’s earnings disappointment raises legitimate concerns, it also creates an interesting setup for a potential put-selling strategy — but only after allowing the price to stabilize. Target’s Earnings Miss Target’s Q3 results fell short of Wall Street’s expectations, marking its biggest earnings miss in two years. Earnings per share came in 20% below consensus estimates, with revenue also missing forecasts for the first time since August 2023. Here are the key points from the report: Profit Guidance Cut: Target slashed its full-year adjusted earn