The Options Insider

BLASTING AWAY ON GAP WEEKLY PUTS

by | Jul 10, 2017 | Unusual Activity

  • Someone is having a ball blasting away at the?July 21?GPS Puts expiring?this Friday?(July 14th)

  • Over 11k?July 21?puts have traded at prices ranging from $.07- $.23. Most of the trades went up in small blocks ranging from 402 contracts up to 1282 contracts. This appears to be a customer drawing an aggressive line in the sand at the 21 strike in Gap this week.

  • Keep an eye on GPS this week to see if the stock breaks this level or if this customer is on the right track.