Options Update: Gap (GPS) & J.C. Penney (JCP)
GPS Volatility Low Into EPS, Back To School And Margin Outlook
Gap-GPS closed at $17.94. GPS is expected to report Q2 EPS on August 20.
GPS August option implied volatility is at 50, September is at 43. This is below its six-month average of 53, suggesting decreasing price movement after EPS.
J.C. Penney (JCP)
JCP Volatility Low Iinto EPS, Back To School And Margin Outlook
J.C. Penney-JCP closed at $33.21. JCP is scheduled to report Q2 EPS on August 14.
JCP August option implied volatility is at 56, September is at 50. This is below its six-month average of 61, suggesting decreasing price movement.
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