Bearish flow noted in Kohl’s with 4,001 puts trading, or 2x expected. Most active are Mar-24 27.5 puts and Feb-24 27.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 4.78, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 28th.
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