21,297 options contracts in Steven Madden Ltd. (SHOO) traded today, representing roughly 2.1 million underlying shares. Elevated options flow in this Russell 3000 retail name indicates heightened speculative or hedging activity and could move the equity intraday by a few percent; monitor put/call split, deltas and changes in open interest for directional signals.
21,297 options contracts in Steven Madden Ltd. (SHOO) traded today, representing roughly 2.1 million underlying shares. Elevated options flow in this Russell 3000 retail name indicates heightened speculative or hedging activity and could move the equity intraday by a few percent; monitor put/call split, deltas and changes in open interest for directional signals.
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