Bearish flow noted in Foot Locker with 5,623 puts trading, or 5x expected. Most active are Jun-24 27.5 puts and Jan-26 10 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 8.53, while ATM IV is up over 5 points on the day. Earnings are expected on February 23rd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FL:
- Foot Locker put volume heavy and directionally bearish
- Foot Locker price target raised to $28 from $26 at Morgan Stanley
- Foot Locker price target raised to $26 from $17 at JPMorgan
- Dick’s Sporting, Foot Locker down 2% afterhours following Nike results
- Buy/Sell: Wall Street’s top 10 stock calls this week