Bearish flow noted in Kohl’s with 10,561 puts trading, or 6x expected. Most active are 11/24 weekly 20.5 puts and 11/24 weekly 18 puts, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 3.55, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 21st.
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