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: Dec 18, 2026
Days to expiration: 68
Share price: $23.23
Put/call ratio (OI): 0.59
Put/call ratio (volume): 0.23
ATM implied volatility: 53.3%
Expected move: ±$5.35
Open interest (C / P): 25.39K / 14.96K

GAP options summary

The GAP options chain for the December 18, 2026 expiration lists 22 call and 19 put contracts, with 68 days until expiration. Open interest stands at 25,394 calls and 14,958 puts, a put/call ratio of 0.59, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $23.00 strike is 53.3%, which implies the market expects a move of about ±$5.35 (23.0%) in Gap stock by expiration.

The most open interest sits at the $25.00 call (7.32K contracts) and the $20.00 put (5.78K contracts).

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

GAP options chain · December 18, 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
—	—	—	—	—	—	13.00	0.00	0.12	0.02	70.7%	2	709
0	8	120.4%	6.55	7.55	10.05	14.00	0.00	0.26	0.12	72.7%	2	830
46	1	78.2%	8.20	8.00	9.05	15.00	0.00	0.28	0.19	65.2%	1	235
10	4	94.2%	5.25	6.50	8.00	16.00	0.10	0.17	0.09	56.7%	1	225
16	2	55.5%	6.50	6.15	6.75	17.00	0.09	0.21	0.19	50.4%	1	777
104	2	59.3%	3.70	5.50	5.85	18.00	0.26	0.34	0.28	52.0%	1	713
87	1	56.4%	4.41	4.65	5.00	19.00	0.37	0.68	0.46	53.6%	1	382
621	1	53.9%	4.00	3.85	4.20	20.00	0.58	0.71	0.73	51.0%	2	5,783
480	6	53.5%	3.75	3.20	3.50	21.00	0.85	1.01	0.99	50.3%	2	3,470
1,681	4	52.4%	2.90	2.61	2.84	22.00	1.23	1.40	1.29	49.9%	2	853
1,199	250	54.3%	2.13	1.67	2.29	23.00	1.67	1.98	1.78	52.3%	3	584
GAP $23.23
3,851	1	50.9%	1.65	1.64	1.80	24.00	2.22	2.41	2.32	49.0%	38	164
7,323	1	51.5%	1.34	1.08	1.38	25.00	2.80	3.45	2.90	50.9%	3	101
178	5	52.6%	1.00	0.91	1.12	26.00	3.50	3.85	4.00	51.5%	5	28
1,134	1	54.0%	0.76	0.64	1.21	27.00	4.20	4.65	4.40	52.7%	1	43
7,203	1	52.0%	0.56	0.50	0.82	28.00	5.00	5.60	5.50	57.3%	1	10
286	30	57.7%	0.48	0.20	0.67	29.00	—	—	—	—	—	—
483	3	51.0%	0.27	0.18	0.36	30.00	6.75	7.15	7.18	51.9%	1	28
26	20	52.5%	0.19	0.18	0.30	31.00	—	—	—	—	—	—
80	20	53.3%	0.15	0.01	0.24	32.00	6.95	7.80	9.10	—	10	8
128	2	54.5%	0.19	0.04	0.20	33.00	—	—	—	—	—	—
309	2	55.1%	0.10	0.00	0.12	35.00	9.20	9.80	11.82	—	10	15
149	20	63.3%	0.01	0.00	0.15	40.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the GAP put/call ratio based on open interest is 0.59 (14,958 puts vs 25,394 calls), and 0.23 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 December 18, 2026 is about 53.3%, 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.