Bearish flow noted in Kohl’s with 3,761 puts trading, or 2x expected. Most active are 7/26 weekly 20 puts and 7/26 weekly 21.5 calls, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.94, while ATM IV is up over 2 points on the day. Earnings are expected on August 29th.
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