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Barchart
Barchart
Mark R. Hake, CFA

Unusual Put Option Activity in Shoe Station Group Ahead of Earnings Tomorrow

Heavy out-of-the-money put option volume in Shoe Station Group (SHOE) today, ahead of tomorrow's earnings, suggests investors expect a dip in SHOE stock. However, SHOE stock is cheap, and shorting puts yields over 7.7% over the next month.

SHOE is at $13.29 in midday trading, well off its recent peak of $16.11 a month ago on Aug. 10. This may be selling ahead of earnings.

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