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Kohl’s call volume above normal and directionally bullish

Bullish option flow detected in Kohl’s (KSS) with 20,252 calls trading, 4x expected, and implied vol increasing over 7 points to 67.85%. 4/24 weekly 16.5 calls and May-26 16 calls are the most active options, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 0.07. Earnings are expected on May 28th.

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