Kohl's Corporation (KSS) shares tumbled 5.55% during Friday's intraday trading session, as the options market exhibited strong bearish sentiment towards the retailer. The significant drop comes amid reports of unusually high put option activity, suggesting that traders are positioning themselves for potential further declines in the stock.

Options market data revealed that Kohl's experienced a surge in put option trading, with 12,187 puts changing hands - a volume three times higher than typically expected. The most active options were the September 26 and October 3 weekly put options with a strike price of $15, indicating that traders are betting on the stock potentially falling below this level in the near term.

This bearish options flow could be driven by various factors, including concerns about the broader retail sector, company-specific issues, or general market sentiment. Investors and analysts will be closely watching Kohl's performance in the coming days to see if this negative momentum continues or if the stock can stage a recovery.