Foot Locker Option Alert: Jan, 2026 $40 Calls Sweep (10) near the Ask: 347 @ $2.351 vs 160 OI; Earnings 5/17 Before Open [est] Ref=$21.9
Portfolio Pulse from Charles Gross
Foot Locker experienced a notable options trading activity, with a sweep of 347 calls for January 2026 at a $40 strike price, priced at $2.351, compared to an open interest of 160. This activity comes ahead of their estimated earnings report on May 17, before the market opens, with the reference stock price at $21.9.
April 23, 2024 | 4:01 pm
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POSITIVE IMPACT
Foot Locker's significant options activity indicates investor speculation or hedging ahead of its upcoming earnings report. The volume of calls suggests a bullish outlook from some investors.
The large volume of call options compared to the open interest suggests that investors are speculating on a positive movement in Foot Locker's stock price or are hedging their positions ahead of the earnings report. This could lead to increased volatility in the stock price in the short term, especially as the earnings date approaches.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90