In Tuesday’s Blitz Daily, we’ll take a look at shoe retailer Foot Locker after the company announced plans to acquire two international chains.
This has been a great earnings season for apparel names. Nike, Under Armour and Skechers all saw shares pop after reporting this quarter. Judging by the massive order flow moving into Foot Locker, Wall Street hopes the shoe seller keeps the trend going when it reports earnings on Aug. 20.
The Blitz Tracker picked up traders grabbing options by the fistful. These are aggressive bets for a name that doesn't typically trade much volume, so they could be on to something big!
And if you like the sound of that, then I have two must-see, longer-dated trades institutional buyers are going nuts over…
Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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