Bullish option flow detected in Gap with 12,783 calls trading, 9x expected, and implied vol increasing almost 2 points to 70.81%. 8/25 weekly 9.5 calls and 8/25 weekly 7.5 puts are the most active options, with total volume in those strikes near 13,800 contracts. The Put/Call Ratio is 0.23. Earnings are expected on August 24th.
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