Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Craig Jones

SHOCKING: Gap shares could move this much after q4 earnings | Mind Blowing Facts

Gap Gap Inc GPS (Organization) NYSE

Gap Inc (NYSE:GPS) reports earnings Thursday after the bell. Shares of Gap rose 5.43% to close Wednesday’s trading at $14.57.

On CNBC's "Options Action," Tony Zhang said the stock traded more than 4.5 times its average daily volumes on Wednesday.

“The options market is implying a huge move of 13.7% going into this earnings event,” Zhang mentioned.

See Also: Earnings Preview For Gap

There was a buyer of 2,011 of the March 15 puts, selling the same number of contracts of the June 14 puts for a net credit of 30 cents per contract, he added.

“This is really an extension of what is a neutral to bullish view here on Gap and obligating them to purchase $2.75 million worth of Gap shares if the stock is below $14 by that June expiration,” Zhang said.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
"I said, 'God, you’ve nicked all my things.' He said, ‘Yeah, I know, man. I know. It's like a homage to you’”: David Bowie admitted that he stole the Stones' sound on one classic song, says Mick Jagger
Jagger also recalls the time that John Lennon talked him about of meeting Elvis
MusicRadar
MusicRadar
We Finally Got A Look At Taylor Swift's Wedding Ring Thanks To A Different Celebrity Wedding
The newlyweds went to a wedding one week after their own.
Cinemablend
Cinemablend
Thousands flock to see brief and rare blooming of corpse flowers in California
‘Enchanted’ visitors queued for hours to see two of largest – and smelliest – plants flower in San Marino
The Guardian - US
The Guardian - US
“Doesn’t Give You The Right”: Random Detail In Madonna Snap Sparks Feud With Lady Gaga Fan Community
“This isn’t remotely close to how disgusting y’all have been,” the Gaga fan said.
Bored Panda
Bored Panda
When U.S. honeybees began collapsing in 2006, scientists raced to find the cause. Nearly 20 years later, the hive crisis is still not fully solved
Colony Collapse Disorder emerged in 2006, puzzling scientists with vanishing bees. Research now shows multiple factors weaken honeybee colonies, not one cause. Varroa mites and viruses significantly contribute to bee losses each year. Modern agriculture and climate change further stress bee populations and food access. Ongoing studies aim to protect…
The Times of India
The Times of India
Why people put a wooden spoon across a boiling pot; the science behind the kitchen hack
A wooden spoon can briefly stop pots from boiling over by bursting bubbles. This kitchen hack works because wood is a porous material that releases trapped air. However, the spoon quickly becomes saturated and loses its effectiveness over time. Ingredients like starches and proteins cause rapid bubbling and overflow in…
The Economic Times
The Economic Times
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play