Mixed options sentiment in Kohl’s (KSS), with shares down $1.14 near $11.70. Options volume roughly in line with average with 58k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.68. Implied volatility (IV30) dropped 10.31 near 90.44,in the top quartile of the past year, suggesting an expected daily move of $0.67. Put-call skew steepened, indicating increased demand for downside protection.
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