- KSS options imply a ±0% move for Kohls Corporation's Nov 24, 2026 earnings report (before market open), as of November 9, 2026.
- An at-the-money KSS straddle bought at the last close before the Mar 11, 2025 report was worth +43% at 10:00 the next morning (IV crush).
- A long ATM KSS straddle entered at the last close before earnings and held to the reaction-day close was profitable in 5 of the last 14 reports.
KSS live implied move & 10Y history → · KSS stock after earnings → · Who is on the IV Rush Radar this week → · Who moves in sympathy this week → · How the IV rush trade works →
What holding KSS options through the print actually cost
The clearest way to see IV crush: an at-the-money straddle bought one minute before the last close before Kohls Corporation's report, marked at 10:00 the next morning. Both legs together — so this is the premium lost even after the stock moved:
| Report | ATM straddle, last close → 10am next day |
|---|---|
| Mar 11, 2025 | +43% |
| Nov 19, 2024 | -2% |
| Aug 28, 2024 | -26% |
| May 30, 2024 | +162% |
| Mar 12, 2024 | -58% |
| Nov 21, 2023 | -12% |
| Aug 23, 2023 | -58% |
| May 24, 2023 | +2% |
| Mar 1, 2023 | -52% |
| Nov 17, 2022 | -44% |
| Aug 18, 2022 | -35% |
| May 19, 2022 | -57% |
| Mar 1, 2022 | -28% |
| Nov 18, 2021 | -23% |
| Aug 19, 2021 | -18% |
| May 20, 2021 | +41% |
| Mar 2, 2021 | -43% |
| Nov 17, 2020 | -33% |
| Aug 18, 2020 | +47% |
| May 19, 2020 | -21% |
| Mar 3, 2020 | -37% |
| Nov 19, 2019 | +100% |
Out-of-the-money strangles lost more. Members see every strike and the same figures for the reports the radar tracks.
Buying the KSS straddle at the last close and holding through: 5 of 14 paid
The backtester replays a long ATM straddle entered at the last close before each of Kohls Corporation's last 14 reports and marked at the reaction-day close — real contract prices, not theory. Long vol won 5 of 14; short vol is the mirror image.
| Report | Straddle at entry | At reaction close | Long-vol P&L |
|---|---|---|---|
| Aug 26, 2026 | $2.86 | $1.11 | -61% |
| May 28, 2026 | $1.84 | $2.43 | +32% |
| Mar 10, 2026 | $▮▮.▮▮ | $▮▮.▮▮ | ▮▮% |
| Nov 25, 2025 | $▮▮.▮▮ | $▮▮.▮▮ | ▮▮% |
| Aug 27, 2025 | $▮▮.▮▮ | $▮▮.▮▮ | ▮▮% |
Frequently asked questions
Should I buy KSS before earnings?
That is a decision only you can make, and this page does not give advice. What the data says: options price a move of ±0% for the Nov 24, 2026 report, so a long call or put needs Kohls Corporation to move more than that in the right direction to profit after IV crush.
Does KSS implied volatility go up before earnings?
Typically yes: implied volatility in the nearest expiration builds as the report approaches because the event's expected move is priced into that expiration, then collapses once results are out.
When does KSS IV peak before earnings?
At the last close before the report — the final session before the print carries the biggest step for most names, which is why an IV-rush trade is exited before that close and never held through the announcement.
What is KSS's implied move for the next earnings?
Options currently price about ±0% for Nov 24, 2026 (before market open); the 10-year average move is about ±12.9%.