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: Sep 17, 2027
Days to expiration: 342
Share price: $23.23
Put/call ratio (OI): 2.35
Put/call ratio (volume): 6.73
ATM implied volatility: 49.5%
Expected move: ±$11.14
Open interest (C / P): 577 / 1.36K

GAP options summary

The GAP options chain for the September 17, 2027 expiration lists 7 call and 7 put contracts, with 342 days until expiration. Open interest stands at 577 calls and 1,357 puts, a put/call ratio of 2.35, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $22.00 strike is 49.5%, which implies the market expects a move of about ±$11.14 (48.0%) in Gap stock by expiration.

The most open interest sits at the $25.00 call (311 contracts) and the $10.00 put (500 contracts).

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

GAP options chain · September 17, 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
—	—	—	—	—	—	10.00	0.07	0.33	0.29	55.6%	5	500
—	—	—	—	—	—	13.00	0.43	0.79	0.69	54.4%	—	32
1	—	52.8%	7.74	8.95	9.55	15.00	0.80	1.16	1.28	52.0%	46	92
1	—	55.1%	5.51	6.55	8.30	18.00	1.63	2.02	2.15	52.6%	2	231
14	5	52.0%	4.30	5.95	6.25	20.00	2.38	2.54	2.59	47.8%	5	364
27	2	51.3%	3.53	4.95	5.20	22.00	3.25	3.55	3.48	47.8%	15	67
GAP $23.23
311	1	50.8%	3.80	3.65	4.05	25.00	4.85	5.20	5.40	46.1%	1	71
188	1	50.4%	3.45	3.00	3.35	27.00	—	—	—	—	—	—
35	2	52.3%	2.20	2.19	2.97	30.00	—	—	—	—	—	—

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 September 17, 2027 expiration, the GAP put/call ratio based on open interest is 2.35 (1,357 puts vs 577 calls), and 6.73 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 September 17, 2027 is about 49.5%, 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.