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: Jun 17, 2027
Days to expiration: 249
Share price: $214.78
Put/call ratio (OI): 0.45
Put/call ratio (volume): 1.90
ATM implied volatility: 39.8%
Expected move: ±$70.63
Open interest (C / P): 885 / 399

SAP options summary

The SAP options chain for the June 17, 2027 expiration lists 34 call and 25 put contracts, with 249 days until expiration. Open interest stands at 885 calls and 399 puts, a put/call ratio of 0.45, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $210.00 strike is 39.8%, which implies the market expects a move of about ±$70.63 (32.9%) in SAP stock by expiration.

The most open interest sits at the $200.00 call (236 contracts) and the $220.00 put (103 contracts).

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

SAP options chain · June 17, 2027

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
4	—	104.7%	77.60	139.00	144.00	80.00	0.05	0.75	0.32	57.1%	7	9
—	—	—	—	—	—	85.00	0.10	0.85	0.59	55.3%	1	6
1	—	95.9%	68.30	129.50	134.50	90.00	0.00	0.00	1.12	25.0%	1	0
2	—	92.9%	63.30	125.00	130.00	95.00	0.00	2.75	1.95	59.4%	—	0
1	—	88.8%	67.42	120.60	124.80	100.00	0.35	1.25	0.80	50.6%	2	2
2	2	65.4%	109.20	111.10	115.30	105.00	0.00	0.00	1.90	12.5%	40	0
0	4	—	109.90	0.00	0.00	110.00	—	—	—	—	—	—
1	1	61.9%	108.70	102.30	105.70	115.00	0.05	1.80	2.45	49.9%	2	2
0	1	—	103.30	0.00	0.00	120.00	1.10	2.05	2.12	48.4%	1	13
—	—	—	—	—	—	125.00	1.35	2.35	2.65	47.1%	1	4
0	1	—	85.80	0.00	0.00	130.00	1.70	2.70	2.53	45.9%	2	3
2	—	54.6%	85.20	83.90	87.60	135.00	3.00	4.20	13.60	48.9%	—	24
0	5	—	88.60	0.00	0.00	140.00	2.60	5.40	7.30	49.7%	1	10
0	5	—	71.69	0.00	0.00	145.00	0.00	0.00	7.01	12.5%	2	0
10	4	50.7%	63.50	71.20	74.50	150.00	5.10	6.20	21.10	45.9%	—	20
50	1	53.2%	61.00	66.80	70.30	155.00	—	—	—	—	—	—
0	2	—	66.00	0.00	0.00	160.00	5.50	6.50	7.75	40.7%	1	5
6	1	50.5%	59.34	59.20	62.20	165.00	0.00	0.00	14.20	6.3%	—	0
0	1	—	56.88	0.00	0.00	170.00	7.60	8.70	9.11	39.7%	2	4
0	9	—	50.00	0.00	0.00	175.00	7.90	10.00	11.51	39.3%	1	5
0	1	—	48.40	0.00	0.00	180.00	11.90	14.60	24.80	44.5%	10	11
7	1	45.6%	39.72	41.90	44.20	190.00	12.50	14.80	16.70	38.1%	5	7
21	1	44.8%	39.86	39.00	41.00	195.00	—	—	—	—	—	—
236	2	44.2%	38.84	36.10	38.00	200.00	16.30	18.50	20.00	37.0%	3	23
3	1	43.0%	31.06	30.20	32.40	210.00	20.90	23.20	25.40	36.6%	13	86
SAP $214.78
236	2	42.1%	26.10	25.30	27.50	220.00	25.90	28.10	29.70	35.6%	41	103
145	5	41.6%	21.20	22.10	23.30	230.00	31.70	33.90	36.70	35.0%	17	59
26	19	41.2%	20.90	17.70	19.70	240.00	38.40	40.20	44.80	34.4%	3	3
90	3	40.9%	15.72	14.10	16.60	250.00	—	—	—	—	—	—
7	1	40.7%	12.83	11.90	14.00	260.00	—	—	—	—	—	—
15	2	40.6%	9.60	9.80	11.80	270.00	—	—	—	—	—	—
7	1	40.7%	7.68	7.90	10.00	280.00	—	—	—	—	—	—
1	—	40.6%	10.50	6.30	8.40	290.00	—	—	—	—	—	—
4	1	40.6%	6.72	5.10	7.10	300.00	—	—	—	—	—	—
1	—	40.9%	7.80	5.00	6.10	310.00	—	—	—	—	—	—
7	5	41.1%	4.90	4.10	5.20	320.00	—	—	—	—	—	—

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 June 17, 2027 expiration, the SAP put/call ratio based on open interest is 0.45 (399 puts vs 885 calls), and 1.90 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 June 17, 2027 is about 39.8%, 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.