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BEARISH Unusual option activity detected for Gap, Inc. (The) Ticker: GPS by Market Action App

Thursday, 11.18.2021

375 contracts traded for GPS $24 strike calls for expiration 11/19/21 with open interest of (9,338) when the shares were trading at 24.9.

GPS $24 strike calls for 11/19/21 expiration

Option Flow Order Summary

  • Size: 375
  • Sentiment: BEARISH
  • Estimated Cost Per Contract: 35,625
  • Estimated Premium Value: $36K
  • Volume: 3,933
  • Open Interest: 9,338
  • Contract Close Price: 23.76
  • Stock Price at Trade: 24.9
  • Market Action Score: 66.67% Bearish

Why is this an Unusual Option Activity?

  • The order flow was detected as a sweep.
  • The Stock has earnings coming up. – 2021-11-23

Stock Technical Information

  • Stock Levels: Last Close: 23.76 , Points Change: +1.12, % Change: ⬆️ 4.71%
  • Today’s Volume: 2.8M (10 Days average: 5.43M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 25.17
    • Resistance 1: 24.70
    • Pivot Point: 24.23
    • Support 1: 23.28
    • Support 2: 23.05
  • Stock is below 10 SMA: 24.76
  • Stock is below 20 SMA: 23.86
  • Stock is above 50 SMA: 23.64
  • Stock is below 100 SMA: 26.24
  • 52 Week High: 38

Stock chart for GPS (1 day)


Helpful Info

How is options trade sentiment calculated?

Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.

Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.

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