Bearish flow noted in Foot Locker with 7,490 puts trading, or 7x expected. Most active are 5/31 weekly 23 puts and 6/7 weekly 22 puts, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 3.08, while ATM IV is up over 2 points on the day. Earnings are expected on May 30th.
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