Gap call volume above normal and directionally bullish
The Fly

Gap call volume above normal and directionally bullish

Bullish option flow detected in Gap with 20,128 calls trading, 3x expected, and implied vol increasing almost 2 points to 51.08%. 8/23 weekly 24 calls and 8/23 weekly 24.5 calls are the most active options, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 0.11. Earnings are expected on August 22nd.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App