Gap Inc. (GAP)
Gap Max Pain By Strike
GAP trades at $23.8, 13.3% above the near-term max pain of $21 expiring Sep 12, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$23), signaling increased put positioning or downside protection. Key magnetic zone at 22 where 6 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 20, indicating bearish sentiment or hedging activity. The 14% spread signals divergent expectations across timeframes. Most levels below 23.8 may cap rallies. Strong magnetic level at 22 (6 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 |
|---|---|---|
| Sep 12, 2025 | 21 | -2.80 (-11.78%) |
| Sep 19, 2025 | 22.5 | -1.30 (-5.48%) |
| Sep 26, 2025 | 21 | -2.80 (-11.78%) |
| Oct 3, 2025 | 21.5 | -2.30 (-9.68%) |
| Oct 10, 2025 | 22.5 | -1.30 (-5.48%) |
| Oct 17, 2025 | 22 | -1.80 (-7.58%) |
| Oct 24, 2025 | 22 | -1.80 (-7.58%) |
| Dec 19, 2025 | 22 | -1.80 (-7.58%) |
| Jan 16, 2026 | 22 | -1.80 (-7.58%) |
| Mar 20, 2026 | 21 | -2.80 (-11.78%) |
| Jun 18, 2026 | 22 | -1.80 (-7.58%) |
| Sep 18, 2026 | 23 | -0.80 (-3.38%) |
| Jan 15, 2027 | 20 | -3.80 (-15.98%) |