Bearish flow noted in Kohl’s (KSS) with 12,187 puts trading, or 3x expected. Most active are 9/26 weekly 15 puts and 10/3 weekly 15 puts, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 4.55, while ATM IV is up over 4 points on the day. Earnings are expected on November 25th.
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