Bearish flow noted in Foot Locker (FL) with 4,273 puts trading, or 4x expected. Most active are Mar-25 15 puts and 3/7 weekly 15 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 3.20, while ATM IV is up over 2 points on the day. Earnings are expected on March 5th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FL:
- FL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Foot Locker Faces Competitive Pressures and Management Challenges: Hold Rating Maintained
- Foot Locker price target lowered to $21 from $24 at Gordon Haskett
- Foot Locker price target lowered to $24 from $25 at Needham
- Foot Locker price target lowered to $20 from $23 at JPMorgan