Jun. 29 at 8:07 PM
Gap Inc. recorded options trading volume of 23,772 contracts by 8:30 p.m. Monday, according to Bloomberg data, with activity split between 12,266 calls and 11,506 puts, indicating balanced investor positioning despite the stock's sharp decline. The most actively traded contract was the July 17, 2026,
$19 call, which logged 4,680 contracts against open interest of just 82 as of June 26, suggesting substantial new positions.
A diagonal put spread involving the Aug. 21, 2026,
$21 put and the July 17, 2026,
$23 put generated 3,722 contracts. The strategy included 1,861 contracts in each leg, with open interest of 17 contracts for the August
$21 put and 1,720 contracts for the July
$23 put. Other notable activity included the Jan. 21, 2028,
$20 call with 1,485 contracts, the Aug. 21, 2026,
$21 put with 1,057 contracts, and the Sept. 18, 2026,
$16 put with 1,053 contracts.
$GAP