Option Greeks measure how The Gap Inc (GAP) option prices respond to changes in the stock price (delta and gamma), the passage of time (theta), implied volatility (vega), and interest rates (rho). These charts plot each Greek by strike, so you can see where an expiration's price risk, time decay, and volatility exposure are concentrated. GAP implied volatility is in the upper part of its one-year range, which spreads delta and gamma over a wider range of strikes than usual.
Upgrade to view higher order greeks (Vanna, Charm, and Vomma) and multiple expiration dates.
GAP Option Greeks FAQ
What are option Greeks?
Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).
How do I read the GAP Greeks charts?
Gamma, theta, and vega are largest for strikes near the Gap stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.
How does implied volatility affect GAP's Greeks?
Gap IV rank is 60, so implied volatility is in the upper part of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 30.5% to 86.6%. See the GAP implied volatility history for a longer view.
How much gamma and delta do GAP options carry in total?
Across all open Gap options on Nov 4, 2026, net gamma exposure was $1.69M and net delta exposure was $63.34M per 1% move in the stock. The GAP gamma exposure chart shows where that gamma sits by strike.
What is The Gap Inc?
Gap retails apparel, accessories, footwear, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands.