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Foot Locker put volume heavy and directionally bearish

Bearish flow noted in Foot Locker with 2,864 puts trading, or 1.6x expected. Most active are Jun-24 25 puts and Jan-26 7.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.35, while ATM IV is up nearly 10 points on the day. Earnings are expected on February 23rd.

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