Kohl's Option Alert: Oct 4 $22.5 Calls Sweep (49) Near The Ask: 2761 @ $0.13 Vs 150 OI; Earnings 11/19 Before Open [est] Ref=$20.77
Portfolio Pulse from Benzinga Newsdesk
A significant options activity was observed for Kohl's Corporation (KSS) with a sweep of 2,761 call options at a strike price of $22.5, priced at $0.13, compared to an open interest of 150. This activity comes ahead of Kohl's earnings report expected on November 19.
September 27, 2024 | 2:47 pm
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Kohl's Corporation (KSS) experienced a notable options activity with a sweep of 2,761 call options at a $22.5 strike price, indicating potential bullish sentiment ahead of its earnings report on November 19.
The sweep of 2,761 call options at a $22.5 strike price, which is above the current stock price of $20.77, suggests that investors are anticipating a potential rise in Kohl's stock price. This activity is significant given the low open interest of 150, indicating fresh positions. The timing ahead of the earnings report on November 19 further suggests that investors might be expecting positive news.
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