27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Benzinga's options scanner just detected over 20 options trades for Foot Locker (NYSE:FL) summing a total amount of $862,190.
At the same time, our algo caught 16 for a total amount of 775,970.
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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
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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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.