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Hawk’s Nest

Aggressive Call Buy in Retailer Forming Bull Flag

by | Oct 12, 2022

Gap (GPS) buyer 5000 November $10 calls $0.75 offer as nears key $10 breakout level and the stock staying above 21 EMA the last week in a tough market. On a move above 9.70 can see a breakout towards 11 which is near the August highs and above that space to YTD VWAP at 12.40. GPS also has a 16% short float so a name that can squeeze fast on strength higher.