Gap (GAP) Options Chain

NYSE: GAPConsumer DiscretionaryClothing/Shoe/Accessory StoresUSD

23.23-0.13 (-0.56%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 41
Share price: $23.23
Put/call ratio (OI): 0.77
Put/call ratio (volume): 3.77
ATM implied volatility: 55.2%
Expected move: ±$4.29
Open interest (C / P): 3.97K / 3.05K

GAP options summary

The GAP options chain for the November 20, 2026 expiration lists 16 call and 13 put contracts, with 41 days until expiration. Open interest stands at 3,967 calls and 3,054 puts, a put/call ratio of 0.77, which is fairly balanced between calls and puts. At-the-money implied volatility near the $23.00 strike is 55.2%, which implies the market expects a move of about ±$4.29 (18.5%) in Gap stock by expiration.

The most open interest sits at the $23.00 call (1.12K contracts) and the $17.00 put (1.07K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

GAP options chain · November 20, 2026

GAP calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	30	123.6%	12.30	10.85	11.95	12.00	—	—	—	—	—	—
1	2	147.7%	10.32	9.90	11.60	13.00	—	—	—	—	—	—
0	—	130.7%	9.32	8.90	10.55	14.00	—	—	0.08	—	—	—
—	—	—	—	—	—	15.00	0.00	0.29	0.03	84.4%	111	112
—	—	—	—	—	—	16.00	0.00	0.25	0.04	71.5%	441	455
—	—	—	—	—	—	17.00	0.00	0.35	0.12	67.0%	10	1,071
2	1	77.4%	4.60	4.90	5.70	18.00	0.01	0.23	0.13	52.1%	67	175
27	24	54.3%	4.12	4.10	4.90	19.00	0.20	0.33	0.21	54.0%	1	476
41	1	50.9%	3.45	3.25	4.00	20.00	0.29	0.65	0.35	54.5%	1	271
234	4	64.8%	2.94	2.42	3.25	21.00	0.42	1.01	0.59	53.1%	5	136
702	2	56.1%	2.28	1.92	2.40	22.00	0.60	1.02	0.95	51.0%	17	154
1,124	35	54.5%	1.53	1.30	1.82	23.00	0.99	1.63	1.35	55.8%	19	136
GAP $23.23
671	4	53.2%	1.20	0.97	1.34	24.00	1.37	2.02	1.90	50.3%	4	59
309	18	60.5%	0.55	0.50	1.21	25.00	2.06	2.92	2.43	58.5%	2	9
429	29	50.7%	0.63	0.31	0.65	26.00	—	—	—	—	—	—
153	8	49.3%	0.36	0.14	0.42	27.00	—	—	—	—	—	—
164	15	54.8%	0.30	0.11	0.39	28.00	—	—	—	—	—	—
99	5	51.6%	0.15	0.01	0.22	29.00	—	—	—	—	—	—
11	2	54.9%	0.10	0.01	0.19	30.00	—	—	6.80	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the GAP put/call ratio?

For the November 20, 2026 expiration, the GAP put/call ratio based on open interest is 0.77 (3,054 puts vs 3,967 calls), and 3.77 based on today's volume. A ratio above 1 means more puts than calls.

What is GAP's implied volatility?

At-the-money implied volatility for GAP options expiring November 20, 2026 is about 55.2%, an annualized estimate of how much the market expects Gap stock to move.

How many GAP option expiration dates are there?

GAP has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.