
Shares of Kohl's Corporation (NYSE:KSS) jumped more than 4% on Tuesday on news of activist investor Macellum Advisors, which owns a stake of around 5% in the department-store chain, urging the company to make changes to boost its share price.
On CNBC's "Options Action," Mike Khouw of Optimize Advisors said the stock traded nearly four times its average daily call volume on Tuesday.