Is the Options Market Predicting a Spike in Kohl's (KSS) Stock?

Core Viewpoint - Investors in Kohl's Corporation (KSS) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Jan 17, 2025 $5.00 Call option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectations for future stock movement, with high levels suggesting anticipation of a significant price change or an upcoming event that could trigger a rally or sell-off [2] - The current high implied volatility for Kohl's options may signal a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4] Group 2: Analyst Opinions - Kohl's holds a Zacks Rank 3 (Hold) within the Retail-Regional Department Stores industry, which ranks in the top 6% of the Zacks Industry Rank [3] - Over the past 60 days, one analyst has raised their earnings estimate for the current quarter, while two have lowered theirs, resulting in a decrease of the Zacks Consensus Estimate from 28 cents per share to 27 cents [3]