Kohl’s put volume heavy and directionally bearish

Bearish flow noted in Kohl’s with 10,669 puts trading, or 1.4x expected. Most active are Jul-24 25 puts and Oct-24 25 calls, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 2.55, while ATM IV is up nearly 4 points on the day. Earnings are expected on August 29th.