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Luke Kawa

Kohl’s goes haywire as r/WallStreetBets is at it again

It’s a banner day for those among us who shake their ass for Kohl’s cash.

Shares of the department store are mooning, and were halted for volatility by the NYSE less than 10 minutes into the session after being up more than 100% and then paring that advance to a gain of 62%. After the halt, shares are still up more than 40%.

75 million shares traded by 9:51 a.m. ET. That is already a daily record for the stock!

Per exchange data, about 50% of its float was sold short at the end of June, making the stock a prime opportunity for a potential squeeze. Shares rose nearly 9% on Monday, with call volumes hitting 74,205 versus a 20-day average of less than 20,000. On Tuesday, 66,173 call options have changed hands less than 25 minutes into the session, which includes a five-minute period when shares were not able to be traded.

The folks on the r/WallStreetBets subreddit have some interesting thoughts on the price action.

wallstreetbetskohls

(Notably, there are a lot of commenters who say they’ve played this from both sides during the first few minutes of trading!)

And, to be sure, the options activity is heavy on both sides: as of 9:52 a.m. ET, 55,734 put options have changed hands, as well.

Per SwaggyStocks, it’s the most commented-on ticker on the subreddit over the last 12 hours. And it’s rare to see anything supplant Tesla!

Kohl’sSwaggystocks
Source: SwaggyStocks

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Opendoor surges on bullish options bets as traders look to potential real estate tokenization

Opendoor Technologies is surging on Friday amid bullish options bets and social media posts referencing unconfirmed rumors about the company.

The stock moved higher in the premarket session after the soft inflation report boosted stocks and briefly pushed long-term bond yields lower (positive for a real estate company). But the real gains came after the opening bell rang and options demand picked up.

As of 12:11 p.m. ET, roughly 664,000 call options have changed hands versus a 10-day average of about 364,000 for a full session.

What seems to be galvanizing members of the “$OPEN Army” is the potential for the company to pursue the tokenization of real-world assets, with Robinhood often bandied about as a potential partner in this endeavor.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Opendoor bulls have often pointed to signs that Robinhood CEO Vlad Tenev appears to be fond of the company, from what appeared on-screen during a demo of a social trading feature at HOOD’s conference in Las Vegas in September to offering support to Opendoor CEO Kaz Nejatian in setting up an opportunity for retail shareholders to ask questions during the online real estate company’s next earnings call.

Opendoor is currently in a quiet period ahead of earnings, which restricts what type of announcements a company can make.

The call options seeing the most demand expire this Friday with strike prices of $8, $8.50, and $9.

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Beyond Meat gains amid slightly better-than-expected Q3 sales, positive commentary on legal issues

Shares of Beyond Meat built on their premarket gains after the plant-based meat seller reported preliminary Q3 sales a bit ahead of Wall Street’s expectations, before paring this advance after the market opened.

For the three months ended September 27, management said net revenue would be approximately $70 million. That’s in line with their guidance range of $68 million to $73 million, but Wall Street was expecting sales to skew toward the lower end of that range, at $68.7 million.

However, its anticipated gross margin of 10% to 11% is lower than analysts had been expecting (13.8%). That’s still the case even adjusting for expenses related to its downsizing of operations in China, which would have left margins around 12% to 13%, per Beyond.

Perhaps more importantly, the company provided positive commentary regarding arbitration discussions with a former co-manufacturer that appear to bring it closer to a resolution while limiting potential damages:

“As previously disclosed, in March 2024, a former co-manufacturer brought an action against the Company in a confidential arbitration proceeding claiming that the Company inappropriately terminated its agreement with the co-manufacturer and claimed damages of at least $73.0 million. On September 15, 2025, the arbitrator issued an interim award (the ‘Interim Award’) and found that the Company had a valid basis to terminate the agreement with the Manufacturer. The details of the Interim Award are confidential, and a final arbitration award has not been issued. Additional proceedings will be held to determine the award of attorneys’ fees, prejudgment interest and costs, if any, before a final arbitration award will be issued. On September 25, 2025, the Manufacturer filed a request with the arbitrator to re-open the arbitration hearing. On September 29, 2025, the Company opposed this request. On October 20, 2025, the arbitrator denied the Manufacturer’s request.”

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