Bearish flow noted in Gap (GAP) Inc with 1,348 puts trading, or 2x expected. Most active are Jan-25 19 puts and 1/10 weekly 25.5 calls, with total volume in those strikes near 960 contracts. The Put/Call Ratio is 1.62, while ATM IV is up over 4 points on the day. Earnings are expected on March 13th.
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Read More on GAP:
- Gap Inc call volume above normal and directionally bullish
- Gap director sells $3.25M in common stock
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- Gap back in fashion, time to buy the stock, Barron’s says
- Gap (GAP) Stock is Upgraded to ‘Buy’ at JPMorgan Chase
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
