$KSS Kohls Breaking Down - Bearish Options Activity

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KSS Kohls Breaking Down - Bearish Options Activity

After finding some support just below $19 in late June, we've seen a recent choppy mild uptrend. I'll be watching for a break of the lower channel support line in the next week. With a break we should see price action sub-$19 in the near term, leading up to ER early Aug.

Earnings can obviously go either way - but given recent trends in Retail foot traffic, specifically Retail Dept Stores, with strong COVID second waves in highly populated states...I'm bearish.

Bearish Options Activity Today:
1k $20 strike Jan 2022 puts traded today for 720K