Bearish flow noted in Gap (GAP) Inc with 1,348 puts trading, or 2x expected. Most active are Jan-25 19 puts and 1/10 weekly 25.5 calls, with total volume in those strikes near 960 contracts. The Put/Call Ratio is 1.62, while ATM IV is up over 4 points on the day. Earnings are expected on March 13th.
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