Kinahan: Gap 'Not A Really Big Player' In Options Market

Gap Inc GPS, expected to post fourth-quarter earnings later Thursday, is "not a really big player" from the standpoint of options trading, TD Ameritrade Chief Strategist J.J. Kinahan told Benzinga.

Kinahan said put options as of earlier Thursday totaled 2,900, or 3.5 times average volume.

"It's not huge," Kinahan said, noting that shares are up about 5 percent since Gap last posted earnings.

"We had a seller of the April 37 puts of a pretty good size. It looks like they bought the March 41 puts, although they're separate trades," Kinahan told Benzinga.

Shares of Gap traded recently at $40.19, down 0.24 percent.

Brianna Valleskey contributed to this report.