Calls Purchased on Foot Locker (FL)

Shares of Foot Locker Inc. FL are higher on the session by 1.34%, currently trading at $14.36. The stock has been moving largely lower over the past three months, off from recent highs near $16.75. Options traders are buying calls on the name today, betting that the stock can rally from here. The August $15.00 call was purchased 2,000 times, on the offer, on open interest of 4,835 contracts. Call volume is currently running at 5.16x the daily average. Foot Locker, Inc. is a global retailer of athletic footwear and apparel. As of January 30, 2010, the company operated 3,500 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand.