Bearish flow noted in Gap with 17,850 puts trading, or 1.7x expected. Most active are 11/24 weekly 17 puts and 11/24 weekly 18 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 1.93, while ATM IV is up over 18 points on the day. Earnings are expected on March 7th.
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