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Foot Locker put volume heavy and directionally bearish
The Fly

Foot Locker put volume heavy and directionally bearish

Bearish flow noted in Foot Locker with 8,447 puts trading, or 1.3x expected. Most active are 12/29 weekly 28 puts and 12/29 weekly 28.5 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 3.18, while ATM IV is up over 2 points on the day. Earnings are expected on February 23rd.

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