Kohl’s (KSS) is the subject of today’s FOMO segment. In this segment Shawn Cruz and Jenny Horne discuss the retailer which took a nosedive today. Jenny looks at Kohl’s (KSS) stock price which sank 21% after Kohls (KSS) confirmed that it had ceased takeover talks with Franchise Group (FRG) and also had adjusted its 2022 outlook. Jenny and Shawn discuss the worsening retail environment and examine what needs to happen for a deal like this, to come together. Finally, Shawn demonstrates an example Long Call Calendar trade using Kohl’s (KSS) which hit new 52 weeks lows of $27.65 on Friday.
05 Jul 2022