Foot Locker call volume above normal and directionally bullish

Bullish option flow detected in Foot Locker (FL) with 3,139 calls trading, 1.9x expected, and implied vol increasing almost 2 points to 80.52%. 11/29 weekly 24 calls and 12/6 weekly 25 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.11. Earnings are expected on December 4th.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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