Bearish flow noted in Foot Locker (FL) with 12,421 puts trading, or 3x expected. Most active are Jan-27 5 puts and Jun-25 15 calls, with total volume in those strikes near 14,500 contracts. The Put/Call Ratio is 4.14, while ATM IV is up nearly 9 points on the day. Earnings are expected on May 29th.
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