Foot Locker (FL, Financial) has recently seen a surge in bearish trading activity, with put options trading reaching 12,421 contracts, tripling the expected volume. The most actively traded options include the January 2027 5 puts and the June 2025 15 calls, collectively approaching 14,500 contracts in volume.
The Put/Call Ratio for Foot Locker has climbed to 4.14, indicating a significant lean towards bearish sentiment among investors. Additionally, the at-the-money implied volatility (ATM IV) has increased by almost 9 points during the trading session, reflecting growing uncertainty in the stock's future movements.
Investors are closely watching Foot Locker, as the retailer is set to announce its earnings on May 29th. The market's current options activity could be a reflection of anticipatory positioning ahead of this key financial disclosure.
