Bearish flow noted in Kohl’s with 2,995 puts trading, or 1.1x expected. Most active are Aug-24 15 puts and 9/29 weekly 21.5 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.01, while ATM IV is up over 1 point on the day. Earnings are expected on November 16th.
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