This is so blatant. Footlocker, $FL, is up 85% today after news of Dick's, $DKS, acquisition. Someone knew before hand. $FL options are very thinly traded, zero volume. Yesterday, coincidentally, $FL had its MOST options volume over last 60 days, as well as highest net premium this year. Yesterday was 20 TIMES the volume as before!!! What's worse, is that the two most active option were traders buying the $15 calls expiring June 20th, and SELLING the $10 puts. You can see over the last 60 days people were buying the Foot Locker $FL $15 calls, and never exited their position. They are up likely $10 million today. The $10 puts they sold will expire worthless. The worst thing about this is they sold the $FL $10 puts, expiring in 247 days, so collected $1.7M in premium (that will be free money for them). You can see in the our whales' strike premium chart the $10 strike explodes in bullish activity, because of this trade. This is likely one of the most egregious cases I have seen. If you are wondering if people could have followed it, yup. Our flow alerts signaled all bullish moves on $FL over the last seven days. So clearly someone knew, and clearly someone traded it. Insane.

Go get your A’Ones in person y’all! @DICKS @footlocker @Nike got em all full size run!