Bearish flow noted in Kohl’s with 6,460 puts trading, or 1.6x expected. Most active are 8/9 weekly 22 puts and Jul-24 21.5 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 3.20, while ATM IV is up over 2 points on the day. Earnings are expected on August 29th.
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