Bearish flow noted in Gap (GAP) Inc with 4,123 puts trading, or 3x expected. Most active are Jan-25 12 puts and Dec-24 30 calls, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 2.08, while ATM IV is up over 2 points on the day. Earnings are expected on November 21st.
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