Q2 STOCKS TO BUY

Kohl's Corporation (KSS) Hits New High, Calls Explode

Kohl's Corporation's (KSS) options pits see increased activity following a promising same-store-sales report

Digital Content Group
Feb 4, 2015 at 3:33 PM
facebook X logo linkedin


Kohl's Corporation (NYSE:KSS) touched a seven-year high of $67.15 earlier, and was last seen 6.5% higher at $67.00, after posting better-than-expected fourth-quarter same-store sales, and boosting its full-year profit outlook. In response, options bulls have stepped up, with calls crossing at six times the typical intraday pace.

Sliding right in, the strike seeing the most action is the March 67.50 call. Signs point to mostly buy-to-open activity here, with traders hoping for KSS to extend its search for higher highs before the options expire on Friday, March 20.

Today's call buying is just more of the same from the equity's speculators. KSS' 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 0.93 outranks 95% of all other readings from the past year. Some of this activity, though, can likely be attributed to short sellers looking for a hedge. Over 12% of the stock's float is sold short, representing nearly two weeks' worth of pent-up buying demand, at its typical daily volumes.

For the most part, the analyst club is in favor of KSS, with 69% of brokerage firms calling the stock a "strong buy." However, if its technical strength continues, the security could be in line for price-target hikes, as it's already surpassed its average 12-month price target of $62.21. In fact, KSS saw its price target raised by Baird (to $70), Deutsche Bank (to $66), and Sterne Agee (to $71) just today.

On the charts, Kohl's Corporation (NYSE:KSS) has been brilliant. Since hitting a late-October low of $53.86, the shares have tacked on 24.4%.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter