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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing 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
