Sep 40 puts on Gymboree (GYMB) are seeing interest ahead of earnings (tomorrow, after market). Shares of the San Francisco apparel retailer are down .25 to $40.14 and almost 9,000 contracts traded. Existing open interest is 1,129 and about three quarters hitting ask-side. ISEE sentiment data is also consistent with opening customer put buyers. Looks like buyers in Nov 40 puts/calls, Sep 35 puts, and Aug 40 puts/calls as well. Meanwhile, implied vols (average) moving up to 56, from about 50.5 late yesterday.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.