Banco Santander S.A. Sponsored (SAN) Options Chain

NYSE: SANFinanceCommercial BanksUSD

13.49+0.01 (+0.07%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Mar 19, 2027
Days to expiration: 159
Share price: $13.49
Put/call ratio (OI): 0.99
Put/call ratio (volume): 3.45
ATM implied volatility: 42.7%
Expected move: ±$3.80
Open interest (C / P): 5.07K / 5.04K

SAN options summary

The SAN options chain for the March 19, 2027 expiration lists 9 call and 6 put contracts, with 159 days until expiration. Open interest stands at 5,073 calls and 5,040 puts, a put/call ratio of 0.99, which is fairly balanced between calls and puts. At-the-money implied volatility near the $13.00 strike is 42.7%, which implies the market expects a move of about ±$3.80 (28.2%) in Banco Santander S.A. Sponsored stock by expiration.

The most open interest sits at the $15.00 call (2.67K contracts) and the $12.00 put (1.86K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

SAN options chain · March 19, 2027

SAN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
7	—	70.3%	7.17	5.90	7.40	7.00	—	—	—	—	—	—
—	—	—	—	—	—	11.00	0.30	0.45	0.40	41.8%	10	167
92	1	49.2%	2.71	1.90	2.50	12.00	0.50	0.90	0.65	45.7%	1	1,859
143	13	44.2%	1.45	1.40	1.80	13.00	0.75	1.20	1.05	41.1%	1	1,849
SAN $13.49
758	1	42.6%	1.00	0.75	1.30	14.00	1.30	1.50	1.40	33.9%	113	426
2,671	4	41.1%	0.72	0.55	0.90	15.00	1.70	2.35	1.50	39.3%	94	733
209	18	36.5%	0.48	0.15	0.50	16.00	2.20	3.40	2.15	48.7%	5	6
792	24	49.6%	0.30	0.15	0.70	17.00	—	—	—	—	—	—
336	2	40.5%	0.20	0.10	0.30	18.00	—	—	—	—	—	—
65	2	51.9%	0.10	0.00	0.35	20.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the SAN put/call ratio?

For the March 19, 2027 expiration, the SAN put/call ratio based on open interest is 0.99 (5,040 puts vs 5,073 calls), and 3.45 based on today's volume. A ratio above 1 means more puts than calls.

What is SAN's implied volatility?

At-the-money implied volatility for SAN options expiring March 19, 2027 is about 42.7%, an annualized estimate of how much the market expects Banco Santander S.A. Sponsored stock to move.

How many SAN option expiration dates are there?

SAN has 7 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.