Gap Inc. (GAP)
Gap Max Pain By Strike
GAP trades at $20.91, 4.6% above the near-term max pain of $20 expiring Aug 22, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($15-$23), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Gap Max Pain By Expiry
Max pain for GAP shows a downward trend from 23 to 15, indicating bearish sentiment or hedging activity. The 39% spread signals divergent expectations across timeframes. Levels distributed around 20.91. Strong magnetic level at 20 (3 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 |
|---|---|---|
| Aug 22, 2025 | 20 | -0.91 (-4.37%) |
| Aug 29, 2025 | 19 | -1.91 (-9.16%) |
| Sep 5, 2025 | 20 | -0.91 (-4.37%) |
| Sep 12, 2025 | 20.5 | -0.41 (-1.98%) |
| Sep 19, 2025 | 23 | 2.09 (9.97%) |
| Sep 26, 2025 | 21 | 0.09 (0.41%) |
| Oct 17, 2025 | 21 | 0.09 (0.41%) |
| Dec 19, 2025 | 22 | 1.09 (5.19%) |
| Jan 16, 2026 | 22 | 1.09 (5.19%) |
| Mar 20, 2026 | 20 | -0.91 (-4.37%) |
| Jun 18, 2026 | 22 | 1.09 (5.19%) |
| Sep 18, 2026 | 23 | 2.09 (9.97%) |
| Jan 15, 2027 | 15 | -5.91 (-28.28%) |