Gap Unusual Options Activity For March 10

Financial giants have made a conspicuous bearish move on Gap. Our analysis of options history for Gap GAP revealed 9 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $188,572, and 3 were calls, valued at $137,067.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $19.0 and $25.0 for Gap, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Gap options trades today is 1850.88 with a total volume of 3,952.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Gap's big money trades within a strike price range of $19.0 to $25.0 over the last 30 days.

Gap Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Gap

Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,500 stores in North America, Europe, and Asia and franchises about 1,000 more in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

Having examined the options trading patterns of Gap, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Gap's Current Market Status

• Currently trading with a volume of 3,872,222, the GAP's price is down by -6.78%, now at $21.58.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 80 days.

What The Experts Say On Gap

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $28.8.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Gap with a target price of $33. * Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Market Perform rating on Gap with a target price of $26. * An analyst from Baird has decided to maintain their Neutral rating on Gap, which currently sits at a price target of $29. * An analyst from JP Morgan persists with their Overweight rating on Gap, maintaining a target price of $30. * An analyst from Telsey Advisory Group persists with their Market Perform rating on Gap, maintaining a target price of $26.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Gap options trades with real-time alerts from Benzinga Pro.