Foot Locker put volume heavy and directionally bearish

Bearish flow noted in Foot Locker with 6,032 puts trading, or 3x expected. Most active are Jan-24 30 puts and Dec-23 31 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 1.70, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 23rd.