Behind the Scenes of Gap's Latest Options Trends

Financial giants have made a conspicuous bearish move on Gap. Our analysis of options history for Gap GPS revealed 23 unusual trades.

Delving into the details, we found 34% of traders were bullish, while 65% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $353,225, and 19 were calls, valued at $1,860,022.

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Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $25.0 for Gap over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Gap options trades today is 3359.76 with a total volume of 18,535.00.

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 $10.0 to $25.0 over the last 30 days.

Gap Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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 2,600 stores in North America, Europe, and Asia and franchises about 850 more in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

Where Is Gap Standing Right Now?

• Currently trading with a volume of 48,739,123, the GPS's price is up by 19.9%, now at $16.39.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 111 days.

What Analysts Are Saying About Gap

In the last month, 5 experts released ratings on this stock with an average target price of $15.6.

• An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $16.
• Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $17.
• An analyst from BMO Capital has decided to maintain their Market Perform rating on Gap, which currently sits at a price target of $14.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Gap, targeting a price of $20.
• Reflecting concerns, an analyst from Telsey Advisory Group lowers its rating to Market Perform with a new price target of $11.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Gap with Benzinga Pro for real-time alerts.