Gap (GAP) Options Chain

NYSE: GAPConsumer DiscretionaryClothing/Shoe/Accessory StoresUSD

23.30-0.06 (-0.26%)

Market open · Delayed 15 min · as of Oct 9, 2:05 PM ET

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 469
Share price: $23.30
Put/call ratio (OI): 1.33
Put/call ratio (volume): 0.82
ATM implied volatility: 48.9%
Expected move: ±$12.91
Open interest (C / P): 7.07K / 9.38K

GAP options summary

The GAP options chain for the January 21, 2028 expiration lists 13 call and 13 put contracts, with 469 days until expiration. Open interest stands at 7,069 calls and 9,385 puts, a put/call ratio of 1.33, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $22.00 strike is 48.9%, which implies the market expects a move of about ±$12.91 (55.4%) in Gap stock by expiration.

The most open interest sits at the $20.00 call (2.01K contracts) and the $13.00 put (5.93K contracts).

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

GAP options chain · January 21, 2028

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
70	2	50.1%	13.15	13.20	13.90	10.00	0.32	0.46	0.44	55.7%	5	502
224	26	55.2%	10.47	10.80	11.30	13.00	0.79	0.88	0.82	51.7%	1	5,930
208	21	50.5%	10.08	9.40	9.85	15.00	1.20	1.37	1.41	51.2%	20	825
783	4	50.5%	7.40	7.50	8.00	18.00	2.15	2.32	2.61	48.8%	39	856
2,006	1	51.1%	7.20	6.55	6.95	20.00	2.76	3.15	3.10	47.7%	10	489
1,354	5	51.7%	5.63	5.55	5.90	22.00	3.85	4.05	4.03	46.1%	5	227
GAP $23.30
573	1	51.6%	4.35	4.35	4.75	25.00	5.50	5.80	6.15	45.4%	3	65
437	41	51.0%	3.60	3.65	4.05	27.00	6.70	7.05	6.89	44.3%	3	295
629	2	49.4%	2.80	2.84	3.10	30.00	8.75	9.15	11.20	43.1%	1	172
478	1	49.3%	2.65	2.39	2.66	32.00	11.25	13.75	10.55	60.3%	—	4
161	3	49.1%	2.20	1.84	2.11	35.00	12.65	13.10	14.22	41.3%	1	16
25	1	49.1%	1.82	1.52	1.82	37.00	14.95	19.45	18.20	66.3%	3	3
121	6	48.2%	1.30	1.22	1.39	40.00	16.95	17.55	16.95	41.1%	2	1

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 21, 2028 expiration, the GAP put/call ratio based on open interest is 1.33 (9,385 puts vs 7,069 calls), and 0.82 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 21, 2028 is about 48.9%, an annualized estimate of how much the market expects Gap stock to move.

How many GAP option expiration dates are there?

GAP has 14 listed expiration dates, from Oct 9, 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.