Bearish flow noted in Gap (GAP) Inc with 1,247 puts trading, or 1.4x expected. Most active are Jun-25 16 puts and Jan-27 25 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.57, while ATM IV is up nearly 5 points on the day. Earnings are expected on May 29th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GAP:
- Gap price target lowered to $27 from $30 at Morgan Stanley
- Victoria’s Secret price target lowered to $19 from $23 at Morgan Stanley
- Wells Fargo Downgrades Nike Stock (NKE) as “Turnaround Is Simply Taking Longer Than Hoped”
- Gap downgraded to Equal Weight from Overweight at Wells Fargo
- Gap price target lowered to $25 from $34 at Goldman Sachs