Options Target Falling Retail Stock After Earnings

KSS has plenty of short squeeze potential

Deputy Editor
Mar 12, 2024 at 2:46 PM
facebook X logo linkedin


Options traders are eyeing Kohl's Corp (NYSE:KSS) stock's post-earnings slide today, after the retailer's mixed fourth-quarter report. The company posted stronger-than-expected earnings, but disappointing revenue and a downbeat 2024 forecast. At last glance, KSS was off 6% at $25.55. 

So far, 13,000 calls and 17,000 puts have exchanged hands in the options pits, which is already double KSS' average daily options volume. The March 26 put is the most popular, followed by the March 30 call. 

On the charts, KSS is down 10.7% year to date after a volatile start to the year. On track for its eighth daily loss in the past 10 days, the stock's 100-day moving average appears to be providing some support for today's pullback. 

KSS March12

It's worth noting that the stock has plenty of short squeeze potential. Short interest represents 27.3% of the stock's available float, and would take nearly six days to cover, at Kohl's stock's average pace of trading. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI