Bearish flow noted in Kohl’s with 3,215 puts trading, or 1.8x expected. Most active are Mar-24 23 puts and 3/8 weekly 26.5 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 3.91, while ATM IV is up over 5 points on the day. Earnings are expected on March 12th.
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