KSS Kohl's huge move up for accepting Amazon returns

Discussion in 'Stocks' started by CET, Apr 23, 2019.

  1. CET

    CET

    Is anybody playing this move short or with puts? The size of this move seems absurd.
     
  2. fan27

    fan27

    This stock does not look like a short candidate. Looks like it is least going to 80.
     
  3. Agree. Wouldn't short this right now.

    Kohls corporate and stock investors recognize there will be additional foot traffic. Hoping that will turn into a "new sales market". Likely so, but to what degree?

    The "hope/expectation" for this positive development could push the stock quite a lot higher. Just have to play by ear.

    (If an investor were tuned into this from the news, the correct technical play would have been to "buy the open, expecting a gap-n-go day". After that, it's figure it out on the fly.)
     
    Last edited: Apr 23, 2019
    vanzandt likes this.
  4. sfwind

    sfwind

    It is just the beginning...both sides are testing to see how far they can go...