Shares of Kohl’s Corp. KSS are lower on the session by 0.75%, currently trading at $46.07. The stock has been moving largely lower over the past three months, off from recent highs near $59.00.
Call volume is now heating up on the name today. The August $47 call was purchased 3,000 times, near the offer, on open interest of just 219 contracts. In addition, the August $50 call was sold 1,000 times on open interest of 1,100 contracts. This may be a closing transaction and a roll to a lower strike.
Call volume is now running at 2.95x the daily average.
Kohl's Corporation operates family-oriented department stores that sell apparel, footwear and accessories for women, men and children, soft home products, such as sheets and pillows, and housewares.
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