Bearish flow noted in Kohl’s with 19,038 puts trading, or 6x expected. Most active are May-24 22.5 puts and May-24 24.5 puts, with total volume in those strikes near 11,600 contracts. The Put/Call Ratio is 3.88, while ATM IV is up over 2 points on the day. Earnings are expected on May 23rd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KSS:
- Rising Oil Prices, Troubled Shipping Proves Mixed Bag for Retail Stocks
- Kohl’s put volume heavy and directionally bearish
- Short Report: Bears reduce exposure to Kohlâs as stock momentum fizzles
- Kohl’s Overhauls Incentive Plan for Enhanced Alignment
- Fossil CEO Kosta Kartsotis steps down, Jeffrey Boyer named interim CEO