Gap Inc (GPS) put volume surged following a weak second-quarter earnings outlook
The Dow took a 212-point step back, following China's decision to devalue the yuan. Across all 12 options exchanges, 7.89 million calls crossed, compared to 8.50 million puts. The day's put/call volume ratio closed at 1.07.
Gap Inc (NYSE:GPS) puts changed hands at 19 times what's normally seen, after the company issued a disappointing earnings outlook for the second quarter. Celldex Therapeutics, Inc. (NASDAQ:CLDX) put volume finished at 22 times the norm, after the company's downbeat quarterly report.
Call volume on Caterpillar Inc. (NYSE:CAT) ran at four times the expected daily pace. Paychex, Inc. (NASDAQ:PAYX) call volume was 47 times higher than normal.
