Foot Locker Option Alert: Oct 20 $30 Calls Sweep (29) near the Ask: 1555 @ $1.3 vs 422 OI; Earnings 8/18 Before Open [est] Ref=$26.67
Portfolio Pulse from Charles Gross
Foot Locker (FL) sees a surge in Oct 20 $30 call options near the ask price, with 1,555 contracts traded at $1.3 versus 422 open interest. Earnings are expected on August 18 before the market opens.
June 26, 2023 | 4:18 pm
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Foot Locker's Oct 20 $30 call options see increased activity, with 1,555 contracts traded at $1.3 compared to 422 open interest. Earnings announcement expected on August 18.
The increased activity in Foot Locker's call options indicates that investors are expecting the stock price to rise in the short term. This could be due to the upcoming earnings announcement on August 18, which may result in positive news for the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100