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 16, 2028
Days to expiration: 614
Share price: $214.78
Put/call ratio (OI): 1.65
Put/call ratio (volume): 0.65
ATM implied volatility: 36.6%
Expected move: ±$101.93
Open interest (C / P): 604 / 997

SAP options summary

The SAP options chain for the June 16, 2028 expiration lists 18 call and 20 put contracts, with 614 days until expiration. Open interest stands at 604 calls and 997 puts, a put/call ratio of 1.65, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $210.00 strike is 36.6%, which implies the market expects a move of about ±$101.93 (47.5%) in SAP stock by expiration.

The most open interest sits at the $195.00 call (502 contracts) and the $190.00 put (500 contracts).

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

SAP options chain · June 16, 2028

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
—	—	—	—	—	—	80.00	1.20	3.40	5.20	50.1%	—	1
—	—	—	—	—	—	85.00	0.80	3.30	2.30	51.6%	2	9
1	1	70.8%	78.90	134.00	137.60	90.00	1.10	3.40	3.16	49.2%	2	4
—	—	—	—	—	—	95.00	1.45	3.60	3.40	47.2%	—	1
2	1	56.6%	122.70	120.50	125.00	100.00	1.80	3.90	3.37	45.6%	1	4
1	—	55.4%	114.40	116.50	120.50	105.00	—	—	—	—	—	—
—	—	—	—	—	—	110.00	2.80	5.00	5.20	43.8%	1	2
66	1	62.0%	57.30	109.50	114.00	120.00	—	—	—	—	—	—
—	—	—	—	—	—	125.00	4.80	7.50	7.21	42.3%	2	4
—	—	—	—	—	—	130.00	5.60	8.40	9.10	41.6%	2	80
—	—	—	—	—	—	135.00	6.50	9.30	10.01	40.9%	2	29
—	—	—	—	—	—	140.00	9.50	12.20	23.50	43.2%	—	1
—	—	—	—	—	—	145.00	0.00	0.00	12.40	6.3%	2	0
4	7	55.6%	42.22	87.90	91.50	150.00	0.00	0.00	13.60	6.3%	2	0
1	—	55.0%	39.90	84.40	88.50	155.00	0.00	0.00	15.00	6.3%	2	0
1	—	54.1%	41.00	81.10	85.00	160.00	0.00	0.00	16.20	6.3%	2	0
0	1	53.5%	36.40	78.00	82.00	165.00	0.00	0.00	17.50	3.1%	5	0
2	2	50.5%	49.20	71.00	74.80	170.00	0.00	0.00	19.40	3.1%	13	0
1	2	46.6%	62.96	57.60	61.50	190.00	25.50	28.30	52.13	38.1%	—	500
502	2	48.4%	46.80	56.50	61.00	195.00	—	—	—	—	—	—
12	2	45.6%	56.63	52.50	56.00	200.00	27.10	29.90	29.94	34.6%	1	11
—	—	—	—	—	—	210.00	33.40	37.50	57.20	36.6%	—	350
SAP $214.78
1	—	44.2%	52.47	42.50	46.50	220.00	36.80	39.60	40.50	33.1%	1	1
0	—	49.3%	19.50	45.70	48.50	230.00	—	—	—	—	—	—
—	—	—	30.51	—	—	250.00	—	—	—	—	—	—
10	10	45.3%	19.60	27.60	32.50	270.00	—	—	—	—	—	—
0	32	6.3%	26.80	0.00	0.00	300.00	—	—	—	—	—	—
0	1	6.3%	22.50	0.00	0.00	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 16, 2028 expiration, the SAP put/call ratio based on open interest is 1.65 (997 puts vs 604 calls), and 0.65 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 16, 2028 is about 36.6%, 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.