Bearish flow noted in Gap (GAP) Inc with 6,623 puts trading, or 4x expected. Most active are Dec-25 22 puts and Jan-26 23 puts, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 2.25, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 20th.
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