Bullish option flow detected in Gap with 6,015 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 58.02%. Sep-23 10 calls and 5/5 weekly 10.5 calls are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.31. Earnings are expected on June 1st.
Published first on TheFly
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