Gap Inc. (GAP)
Gap Max Pain By Strike
GAP trades at $21.59, pinned near the near-term max pain of $22 expiring Oct 10, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($20-$24.5), signaling increased put positioning or downside protection. Key magnetic zone at 22 where 8 expirations converge.
Gap Max Pain By Expiry
Max pain for GAP shows a downward trend from 24.5 to 20, indicating bearish sentiment or hedging activity. The 21% spread signals divergent expectations across timeframes. Most levels above 21.59 could support dips. Strong magnetic level at 22 (8 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Oct 10, 2025 | 22 | n/a (n/a) |
| Oct 17, 2025 | 21 | n/a (n/a) |
| Oct 24, 2025 | 22 | n/a (n/a) |
| Oct 31, 2025 | 22 | n/a (n/a) |
| Nov 7, 2025 | 21.5 | n/a (n/a) |
| Nov 14, 2025 | 24.5 | n/a (n/a) |
| Nov 21, 2025 | 20 | n/a (n/a) |
| Dec 19, 2025 | 22 | n/a (n/a) |
| Jan 16, 2026 | 23 | n/a (n/a) |
| Mar 20, 2026 | 22 | n/a (n/a) |
| Jun 18, 2026 | 22 | n/a (n/a) |
| Sep 18, 2026 | 23 | n/a (n/a) |
| Jan 15, 2027 | 22 | n/a (n/a) |
| Jan 21, 2028 | 20 | n/a (n/a) |