Bearish flow noted in Foot Locker (FL) with 10,919 puts trading, or 2x expected. Most active are Jan-26 20 puts and 5/23 weekly 24 puts, with total volume in those strikes near 9,400 contracts. The Put/Call Ratio is 6.44, while ATM IV is up over 5 points on the day. Earnings are expected on May 29th.
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