Bearish flow noted in Kohl’s with 3,990 puts trading, or 1.2x expected. Most active are Mar-24 27.5 puts and 2/9 weekly 28.5 calls, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.00, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 28th.
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