Looking At Foot Locker's Recent Unusual Options Activity

Benzinga's options scanner just detected over 20 options trades for Foot Locker FL summing a total amount of $862,190.

At the same time, our algo caught 16 for a total amount of 775,970.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $40.0 for Foot Locker over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Foot Locker's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Foot Locker's whale trades within a strike price range from $20.0 to $40.0 in the last 30 days.

Foot Locker Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
FL CALL TRADE BULLISH 06/16/23 $28.00 $198.0K 283 1.8K
FL PUT TRADE NEUTRAL 01/17/25 $20.00 $152.5K 24.7K 764
FL PUT SWEEP NEUTRAL 01/17/25 $20.00 $77.1K 24.7K 13
FL PUT TRADE BULLISH 01/17/25 $20.00 $76.2K 24.7K 1.0K
FL CALL TRADE BULLISH 06/21/24 $22.50 $62.3K 2 83

Where Is Foot Locker Standing Right Now?

  • With a volume of 9,466,603, the price of FL is down -1.92% at $27.1.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 87 days.

What The Experts Say On Foot Locker:

  • Morgan Stanley has decided to maintain their Equal-Weight rating on Foot Locker, which currently sits at a price target of $30.
  • BTIG has decided to maintain their Buy rating on Foot Locker, which currently sits at a price target of $42.
  • Deutsche Bank has decided to maintain their Hold rating on Foot Locker, which currently sits at a price target of $28.
  • Evercore ISI Group has decided to maintain their Outperform rating on Foot Locker, which currently sits at a price target of $45.
  • JP Morgan has decided to maintain their Neutral rating on Foot Locker, which currently sits at a price target of $38.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Foot Locker, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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