Bearish flow noted in Foot Locker (FL) with 11,031 puts trading, or 4x expected. Most active are Jan-27 10 puts and Jun-25 20 calls, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 8.65, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 29th.
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