Gap Inc. (GPS) opened at $18.58. So far today the stock has hit a low of $17.85 and a high of $18.7399. GPS is now trading at $17.61, down 1.74 (-8.99%). After hitting a one-year low of $15.20 in August, the stock hit a one-year high of $22.02 in December. Shares of GPS are down today after the company announced that same-store sales fell 6 percent in December, well below analysts' predictions of a 2.4 percent drop. GPS also announced that merchandise margins were significantly higher than the previous year, but this did not quell investors' worries about the retailer. Technical indicators for GPS are bullish but deteriorating, while S&P gives the stock a neutral 3 Stars (out of 5) Hold rating. If you’re looking for a hedged play on this stock, consider a June bear-call credit spread above the $25 range. GPS hasn't been above 25 in over a year. The stock could gain up to 41.9% and this trade would still be profitable.[LHF- Seven Summits Strategic Investments NewsBite]