Bearish flow noted in Kohl’s with 7,466 puts trading, or 1.9x expected. Most active are 12/1 weekly 21.5 puts and 12/1 weekly 21 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 3.59, while ATM IV is up over 3 points on the day. Earnings are expected on February 28th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on KSS:
- Luxury vs. Value: Walmart (NYSE:WMT) Might be the Holiday Winner
- Adobe says U.S. shoppers spent $5.6B on Thanksgiving Day, Bloomberg reports
- Kohl’s price target lowered to $25 from $29 at Telsey Advisory
- Kohl’s Corp. (NYSE:KSS) Falls after Q3 Sales Miss
- Kohl’s narrows FY23 EPS view to $2.30-$2.70 from $2.10-$2.70, consensus $2.41