Gap Inc. (GAP)
Gap Max Pain By Strike
GAP trades at $20.73, 6.3% above the near-term max pain of $19.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12-$23), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 5 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 12, indicating bearish sentiment or hedging activity. The 56% spread signals divergent expectations across timeframes. Levels distributed around 20.73. Strong magnetic level at 20 (5 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 15, 2025 | 19.5 | -1.23 (-5.91%) |
| Aug 22, 2025 | 19.5 | -1.23 (-5.91%) |
| Aug 29, 2025 | 19 | -1.73 (-8.32%) |
| Sep 5, 2025 | 20 | -0.73 (-3.50%) |
| Sep 12, 2025 | 19.5 | -1.23 (-5.91%) |
| Sep 19, 2025 | 23 | 2.27 (10.98%) |
| Sep 26, 2025 | 20.5 | -0.23 (-1.09%) |
| Oct 17, 2025 | 12 | -8.73 (-42.10%) |
| Dec 19, 2025 | 22 | 1.27 (6.15%) |
| Jan 16, 2026 | 22 | 1.27 (6.15%) |
| Mar 20, 2026 | 20 | -0.73 (-3.50%) |
| Jun 18, 2026 | 22 | 1.27 (6.15%) |
| Sep 18, 2026 | 23 | 2.27 (10.98%) |
| Jan 15, 2027 | 15 | -5.73 (-27.62%) |