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: Mar 19, 2027
Days to expiration: 159
Share price: $23.23
Put/call ratio (OI): 0.54
Put/call ratio (volume): 1.03
ATM implied volatility: 52.2%
Expected move: ±$8.01
Open interest (C / P): 8.45K / 4.54K

GAP options summary

The GAP options chain for the March 19, 2027 expiration lists 22 call and 21 put contracts, with 159 days until expiration. Open interest stands at 8,451 calls and 4,544 puts, a put/call ratio of 0.54, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $23.00 strike is 52.2%, which implies the market expects a move of about ±$8.01 (34.5%) in Gap stock by expiration.

The most open interest sits at the $24.00 call (5.08K contracts) and the $14.00 put (768 contracts).

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

GAP options chain · March 19, 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	5	107.0%	13.90	12.95	14.70	10.00	0.00	0.16	0.02	68.0%	5	515
—	—	—	—	—	—	12.00	0.00	0.00	0.23	25.0%	—	0
33	5	64.7%	10.60	10.10	10.95	13.00	0.05	0.20	0.15	53.1%	4	183
10	10	—	7.50	6.30	7.30	14.00	0.07	0.26	0.39	50.2%	100	768
15	1	53.6%	7.78	8.25	8.90	15.00	0.22	0.57	0.26	55.8%	3	631
6	1	56.4%	8.60	7.40	8.25	16.00	0.12	0.67	0.42	58.8%	1	377
0	50	—	4.85	0.00	0.00	17.00	0.48	0.79	0.97	50.9%	6	115
21	5	56.0%	5.86	5.85	6.80	18.00	0.72	0.98	0.75	50.0%	15	180
55	1	52.0%	5.55	5.15	5.80	19.00	0.93	1.25	1.07	52.1%	5	438
88	1	51.2%	4.72	4.60	5.00	20.00	1.24	1.85	1.36	50.7%	2	325
180	1	51.3%	3.70	4.10	4.35	21.00	1.45	1.95	1.67	50.5%	2	143
77	6	53.8%	3.70	3.35	3.85	22.00	2.07	2.35	2.43	49.2%	1	55
142	2	52.4%	3.10	3.00	3.30	23.00	2.54	3.05	2.97	52.1%	8	679
GAP $23.23
5,079	43	52.2%	2.71	2.21	2.87	24.00	3.05	3.35	3.10	47.5%	11	16
647	33	51.8%	2.28	1.99	2.47	25.00	3.65	3.95	3.90	47.0%	16	86
54	4	51.3%	2.02	1.86	2.11	26.00	4.30	4.60	4.40	46.6%	5	18
169	22	51.0%	1.66	1.55	1.81	27.00	4.60	5.30	5.20	46.3%	24	5
815	1	50.0%	1.43	1.14	1.50	28.00	—	—	—	—	—	—
154	9	50.7%	1.06	0.86	1.13	30.00	7.30	7.75	6.55	47.8%	1	7
61	3	49.7%	0.75	0.58	0.78	32.00	11.05	12.50	13.27	90.8%	2	3
15	1	54.7%	0.52	0.18	0.66	35.00	—	—	—	—	—	—
25	1	49.7%	0.24	0.23	0.34	37.00	15.75	17.35	18.12	101.9%	1	0
805	1	51.4%	0.19	0.07	0.24	40.00	16.45	17.35	16.88	63.4%	1	0

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 March 19, 2027 expiration, the GAP put/call ratio based on open interest is 0.54 (4,544 puts vs 8,451 calls), and 1.03 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 March 19, 2027 is about 52.2%, 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.