by Houghton and Atkeson 07/16/08
Option investors have bet against broad-based retailer Kohl's (KSS) over the past several months and they are sticking with it.
Investors have been rolling their KSS July 40 Puts (KSSSH) into the KSS Jan 40 Puts (KSSMH) 23,000 times. These investors clearly want to stay short KSS beyond this Friday, options expiration for July.
It is interesting to note that, while options investors are staying with their short exposure in the stock, short-sellers have just raised their short positions by almost 7% during the past two weeks.
Hungry for more opportunities to follow the big-money traders? Start your Big Money Options membership today and get 2-3 trades each week ... delivered straight to your inbox ... complete with specific buying instructions.
