Kohl's Corporation (KSS) shares are soaring in intraday trading, with the stock price jumping 5.02% as investors react to notably bullish options activity. The surge in stock price comes amid increased trading volume and growing optimism among options traders.
Market data reveals that Kohl's experienced an unusually high volume of call options trading, with 20,228 calls changing hands - a figure 1.7 times higher than the expected volume. This surge in call options, which give holders the right to buy the stock at a predetermined price, typically indicates that traders are betting on further upside for the stock in the near term.
Adding to the bullish sentiment, the implied volatility for Kohl's options has spiked by nearly 22 points to 101.68%. This significant increase suggests that market participants are anticipating larger price swings for Kohl's stock, potentially driven by upcoming events or news. As investors digest this options market activity, it appears to be fueling positive sentiment and driving the stock's impressive intraday gains.
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