Investors with a lot of money to spend have taken a bullish stance on Foot Locker FL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Foot Locker.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 25%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $2,229,850, and there was 1 call, for a total amount of $35,055.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $22.5 for Foot Locker, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Foot Locker stands at 18906.5, with a total volume reaching 24,421.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Foot Locker, situated within the strike price corridor from $20.0 to $22.5, throughout the last 30 days.
Foot Locker Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FL | PUT | TRADE | BULLISH | 01/16/26 | $3.6 | $3.5 | $3.5 | $20.00 | $480.9K | 37.8K | 7.3K |
| FL | PUT | SWEEP | BEARISH | 01/16/26 | $3.5 | $3.4 | $3.5 | $20.00 | $350.0K | 37.8K | 6.0K |
| FL | PUT | TRADE | NEUTRAL | 01/16/26 | $3.6 | $3.4 | $3.5 | $20.00 | $350.0K | 37.8K | 2.0K |
| FL | PUT | TRADE | NEUTRAL | 01/16/26 | $3.6 | $3.4 | $3.5 | $20.00 | $349.6K | 37.8K | 4.0K |
| FL | PUT | TRADE | NEUTRAL | 01/16/26 | $3.6 | $3.4 | $3.5 | $20.00 | $349.6K | 37.8K | 3.0K |
About Foot Locker
Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Asia, Australia, and New Zealand. It also has a presence in the Middle East. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Its portfolio of brands, includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The company has omnichannel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It has three operating segments, North America, EMEA, and Asia Pacific.
Foot Locker's Current Market Status
- With a trading volume of 1,321,625, the price of FL is up by 0.36%, reaching $22.58.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 15 days from now.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Foot Locker with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
