Kohl's Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Kohl's KSS.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with KSS, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Kohl's.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the options we uncovered, 9 are puts, for a total amount of $403,376, and there was 1 call, for a total amount of $65,000.

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What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $30.0 for Kohl's over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Kohl's's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Kohl's's whale trades within a strike price range from $15.0 to $30.0 in the last 30 days.

Kohl's Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Kohl's Standing Right Now?

• With a volume of 5,029,915, the price of KSS is down -5.49% at $18.93.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 79 days.

What The Experts Say On Kohl's:

• Baird has decided to maintain their Outperform rating on Kohl's, which currently sits at a price target of $30.
• Telsey Advisory Group downgraded its action to Market Perform with a price target of $24
• Citigroup has decided to maintain their Neutral rating on Kohl's, which currently sits at a price target of $19.
• Goldman Sachs has decided to maintain their Sell rating on Kohl's, which currently sits at a price target of $21.
• Citigroup has decided to maintain their Neutral rating on Kohl's, which currently sits at a price target of $20.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Kohl's, Benzinga Pro gives you real-time options trades alerts.