Falconium
Long

Can GPS gap up?

NYSE:GPS   GAP INC
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Not only is this a good stock pun. BUT retail has been hammered the last few weeks and just maybe GPS can surprise to the upside. After all it has sold off about 20% already this month. With the protective puts through next Friday my risk is capped at $1.44 per share. If there is a strong gap I will be selling the rip.
Trade closed: stop reached: exercised put on Friday after close, loss capped at 1.44 a share. On to the next one.
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