Analyzing the options chain and the chart patterns of KSS Kohl's Corporation prior to the earnings report this week,
I would consider purchasing the 27.50usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking at the KSS Kohl's Corporation options chain ahead of earnings, i would buy the $34 strike price Calls with
2022-11-18 expiration date for about
$0.64 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Trend:
Below 50,100 and 200 EMA
Positive ADX, DI below 20
Trend seems to be weak
Macro impact:
Consumer cyclical stock are not a good buy
Inflation impact on consumer purchase
High interest impacting credit buying
Recommendation:
Wait for price to cross above the resistance @ 47.5 for a reassessment
