Bullish option flow detected in Gap with 7,925 calls trading, 1.7x expected, and implied vol increasing over 1 point to 62.78%. 8/2 weekly 22.5 calls and 8/2 weekly 22 calls are the most active options, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 0.10. Earnings are expected on August 22nd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPS:
- Gap call volume above normal and directionally bullish
- Block upgraded, PayPal downgraded: Wall Street’s top analyst calls
- General Mills announces Asheesh Saksena as Chief Strategy & Growth Officer
- TJX price target raised to $122 from $113 at Morgan Stanley
- Gap upgraded to Overweight from Equal Weight at Morgan Stanley