The Gap, Inc. operates as an apparel retail company worldwide. It provides apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy. Yesterday we saw a HUGE bullish bet in GPS to the upside as a trader bought 4,000 GPS May 40 Calls for $.59 and I jumped in on these Calls as the price was through the offer. A trader thinks the stock can get back into the Ichimoku Cloud on the daily within the next month. Lets look at the trade I took:
The Trade: I bought the GPS May 40 Calls for $.60
Risk: $60 per 1 lot
Reward: Unlimited
Targets: $.75, $.90, $1.10 and $1.30
Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long
Andrew Keene
KeeneOnTheMarket.com
