SAP (SAP) Options Chain

NYSE: SAPTechnologyComputer Software: Prepackaged SoftwareUSD

214.78+2.38 (+1.12%)

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

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $214.78
Put/call ratio (OI): 1.25
Put/call ratio (volume): 0.83
ATM implied volatility: 36.4%
Expected move: ±$9.15
Open interest (C / P): 4.45K / 5.55K

SAP options summary

The SAP options chain for the October 16, 2026 expiration lists 31 call and 28 put contracts, with 5 days until expiration. Open interest stands at 4,450 calls and 5,555 puts, a put/call ratio of 1.25, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $215.00 strike is 36.4%, which implies the market expects a move of about ±$9.15 (4.3%) in SAP stock by expiration.

The most open interest sits at the $222.50 call (776 contracts) and the $210.00 put (1.70K contracts).

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

SAP options chain · October 16, 2026

SAP 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
—	—	—	—	—	—	135.00	0.00	2.15	0.10	223.6%	1	1
—	—	—	—	—	—	140.00	0.00	2.15	0.22	208.8%	—	4
—	—	—	—	—	—	150.00	0.00	0.50	0.30	138.1%	4	6
1	—	132.2%	58.00	58.60	61.60	155.00	0.00	2.15	0.01	166.8%	2	25
—	—	—	—	—	—	160.00	0.00	0.50	0.17	116.2%	1	46
—	—	—	—	—	—	165.00	0.00	2.15	0.10	140.5%	1	143
—	—	—	—	—	—	170.00	0.00	2.15	0.10	127.7%	1	39
—	—	—	—	—	—	175.00	0.00	1.00	0.11	97.0%	1	35
—	—	—	—	—	—	180.00	0.00	0.05	0.03	54.7%	3	63
—	—	—	23.20	—	—	185.00	0.00	0.55	0.20	66.5%	4	127
—	—	—	21.93	—	—	187.50	0.00	0.25	0.17	53.6%	2	14
1	1	64.8%	19.95	24.10	26.50	190.00	0.05	0.60	0.10	58.5%	16	362
—	—	—	—	—	—	192.50	0.10	0.30	0.37	52.5%	2	48
17	4	57.5%	13.90	19.20	21.70	195.00	0.00	0.35	0.15	49.1%	5	605
3	—	52.8%	15.00	16.80	19.20	197.50	0.05	0.40	0.25	45.4%	7	138
49	1	65.5%	11.15	14.50	16.70	200.00	0.20	0.45	0.36	41.3%	21	333
18	—	58.4%	8.20	11.80	14.20	202.50	0.35	0.70	0.65	40.6%	13	263
97	2	52.2%	10.88	9.60	11.80	205.00	0.60	0.95	0.94	38.4%	22	146
119	1	46.7%	5.35	7.80	9.50	207.50	1.05	1.40	1.49	37.4%	2	89
773	5	43.6%	6.95	6.20	7.50	210.00	1.70	2.05	1.72	36.8%	21	1,698
145	5	38.1%	5.40	4.90	5.40	212.50	2.55	2.90	2.95	36.0%	14	99
SAP $214.78
122	30	37.4%	3.80	3.50	4.00	215.00	3.60	4.00	3.52	35.4%	17	34
94	24	36.8%	2.95	2.45	2.85	217.50	5.00	5.40	6.00	35.2%	8	33
740	20	36.3%	1.72	1.60	1.95	220.00	6.20	7.40	6.69	38.6%	7	823
776	78	36.7%	1.20	1.00	1.35	222.50	—	—	—	—	—	—
77	33	37.7%	0.90	0.60	0.95	225.00	—	—	16.59	—	—	—
23	5	38.4%	0.50	0.30	0.65	227.50	—	—	18.84	—	—	—
721	2	40.4%	0.32	0.05	0.50	230.00	14.10	16.80	24.60	57.8%	34	323
76	3	42.6%	0.30	0.10	0.40	232.50	—	—	—	—	—	—
41	38	45.6%	0.24	0.05	0.35	235.00	—	—	—	—	—	—
324	7	52.0%	0.13	0.00	0.30	240.00	23.70	26.20	23.10	68.5%	24	58
43	6	49.4%	0.07	0.00	0.10	245.00	—	—	—	—	—	—
81	3	64.5%	0.11	0.00	0.50	250.00	—	—	—	—	—	—
4	1	67.8%	0.18	0.00	0.20	260.00	—	—	—	—	—	—
8	1	100.9%	0.08	0.00	1.35	265.00	—	—	—	—	—	—
16	1	94.1%	0.03	0.00	0.65	270.00	—	—	—	—	—	—
55	3	130.2%	0.05	0.00	1.95	280.00	—	—	—	—	—	—
21	1	117.6%	0.03	0.00	0.65	290.00	—	—	—	—	—	—
4	5	153.0%	0.10	0.00	1.80	300.00	—	—	—	—	—	—
1	1	167.9%	0.05	0.00	2.00	310.00	—	—	—	—	—	—

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 SAP put/call ratio?

For the October 16, 2026 expiration, the SAP put/call ratio based on open interest is 1.25 (5,555 puts vs 4,450 calls), and 0.83 based on today's volume. A ratio above 1 means more puts than calls.

What is SAP's implied volatility?

At-the-money implied volatility for SAP options expiring October 16, 2026 is about 36.4%, an annualized estimate of how much the market expects SAP stock to move.

How many SAP option expiration dates are there?

SAP has 15 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.