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: Jan 15, 2027
Days to expiration: 97
Share price: $23.23
Put/call ratio (OI): 0.79
Put/call ratio (volume): 0.42
ATM implied volatility: 48.2%
Expected move: ±$5.78
Open interest (C / P): 36.17K / 28.48K

GAP options summary

The GAP options chain for the January 15, 2027 expiration lists 28 call and 25 put contracts, with 97 days until expiration. Open interest stands at 36,170 calls and 28,485 puts, a put/call ratio of 0.79, which is fairly balanced between calls and puts. At-the-money implied volatility near the $23.00 strike is 48.2%, which implies the market expects a move of about ±$5.78 (24.9%) in Gap stock by expiration.

The most open interest sits at the $27.00 call (9.56K contracts) and the $22.00 put (6.08K contracts).

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

GAP options chain · January 15, 2027

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	443	348.8%	20.70	19.75	22.20	3.00	0.00	0.07	0.13	179.7%	—	11
0	13	249.2%	18.70	17.80	20.05	5.00	0.00	0.27	0.02	167.6%	5	1,000
9	335	135.2%	14.15	12.95	14.65	10.00	0.00	0.06	0.06	74.6%	3	854
0	1	—	9.80	0.00	0.00	12.00	0.00	0.54	0.26	90.0%	5	586
45	45	95.2%	11.41	10.05	11.40	13.00	0.00	0.09	0.08	56.6%	8	1,020
—	—	—	—	—	—	14.00	0.01	0.14	0.07	54.7%	2	1,525
404	2	69.9%	8.30	8.05	9.15	15.00	0.04	0.35	0.12	59.1%	3	4,158
5	1	53.5%	8.25	7.15	7.75	16.00	0.05	0.28	0.23	57.0%	18	384
26	1	51.8%	7.99	6.25	6.85	17.00	0.04	0.34	0.26	52.7%	51	255
283	1	50.7%	5.95	5.40	6.00	18.00	0.17	0.50	0.46	51.9%	27	1,254
249	2	52.8%	4.90	4.85	5.15	19.00	0.40	0.66	0.61	49.4%	16	739
780	2	55.2%	4.20	3.90	4.40	20.00	0.77	1.06	0.93	52.3%	90	1,469
775	5	53.2%	3.90	3.40	3.70	21.00	0.96	1.58	1.22	55.8%	78	742
2,761	200	51.2%	2.97	2.82	3.05	22.00	1.42	1.62	1.50	46.8%	5	6,083
361	31	50.2%	2.34	2.29	2.51	23.00	1.87	2.09	2.08	46.2%	76	1,824
GAP $23.23
6,729	1	49.6%	1.96	1.81	2.05	24.00	2.44	2.65	2.59	46.1%	6	308
1,722	74	49.0%	1.50	1.45	1.65	25.00	2.98	3.30	3.15	46.4%	10	5,390
567	18	48.1%	1.18	1.11	1.30	26.00	3.70	3.95	3.90	45.5%	18	20
9,558	1	47.8%	0.95	0.85	1.03	27.00	4.40	4.80	5.93	47.8%	120	638
700	24	47.1%	0.81	0.64	0.79	28.00	5.15	5.65	7.10	49.4%	—	1
85	60	47.9%	0.55	0.35	0.65	29.00	—	—	—	—	—	—
6,442	2	47.5%	0.43	0.22	0.50	30.00	8.90	10.70	9.77	107.3%	2	144
500	1	48.2%	0.34	0.26	0.41	31.00	—	—	—	—	—	—
1,130	100	55.5%	0.28	0.03	0.52	32.00	8.65	9.15	9.59	50.6%	7	30
39	15	48.7%	0.09	0.12	0.26	33.00	—	—	—	—	—	—
408	2	54.9%	0.17	0.01	0.27	35.00	0.00	0.00	11.65	—	1	0
873	1	52.4%	0.05	0.01	0.14	37.00	0.00	0.00	12.60	—	2	0
1,004	1	51.2%	0.01	0.01	0.11	40.00	—	—	—	—	—	—
715	1	63.5%	0.04	0.00	0.29	42.00	14.10	15.25	16.05	—	23	50

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 January 15, 2027 expiration, the GAP put/call ratio based on open interest is 0.79 (28,485 puts vs 36,170 calls), and 0.42 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 January 15, 2027 is about 48.2%, 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.