Bearish flow noted in Kohl’s with 10,387 puts trading, or 2x expected. Most active are 3/22 weekly 26 puts and 3/22 weekly 26.5 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 2.68, while ATM IV is up over 1 point on the day. Earnings are expected on May 23rd.
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