Bearish flow noted in Kohl’s with 16,233 puts trading, or 6x expected. Most active are 8/30 weekly 19 puts and 8/23 weekly 19.5 puts, with total volume in those strikes near 13,100 contracts. The Put/Call Ratio is 5.00, while ATM IV is up over 1 point on the day. Earnings are expected on August 28th.
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