Saratoga Investment New (SAR) Options Chain

NYSE: SARFinanceInvestment ManagersUSD

15.03+0.06 (+0.40%)

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

Expiration date

Expiration: Feb 19, 2027
Days to expiration: 131
Share price: $15.03
Put/call ratio (OI): 5.51
Put/call ratio (volume): 1.02
ATM implied volatility: 37.6%
Expected move: ±$3.39
Open interest (C / P): 291 / 1.60K

SAR options summary

The SAR options chain for the February 19, 2027 expiration lists 8 call and 6 put contracts, with 131 days until expiration. Open interest stands at 291 calls and 1,603 puts, a put/call ratio of 5.51, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $15.00 strike is 37.6%, which implies the market expects a move of about ±$3.39 (22.5%) in Saratoga Investment New stock by expiration.

The most open interest sits at the $20.00 call (110 contracts) and the $25.00 put (718 contracts).

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

SAR options chain · February 19, 2027

SAR 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
0	5	375.8%	13.87	11.30	13.70	2.50	—	—	—	—	—	—
0	—	178.1%	13.59	9.00	10.70	5.00	—	—	—	—	—	—
0	33	139.8%	7.00	3.90	7.80	12.50	—	—	—	—	—	—
13	1	20.4%	0.40	0.40	0.75	15.00	1.15	1.95	0.75	54.8%	14	119
SAR $15.03
51	2	25.1%	0.15	0.00	0.20	17.50	2.70	4.20	2.50	50.9%	5	213
110	5	59.8%	0.20	0.00	0.75	20.00	5.00	6.80	3.50	65.7%	2	19
17	6	41.4%	0.08	0.00	0.10	22.50	7.40	9.00	5.80	71.6%	12	147
100	10	57.0%	0.01	0.00	0.40	25.00	9.80	11.20	9.30	73.8%	14	718
—	—	—	—	—	—	30.00	15.50	15.90	15.60	98.4%	16	387

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 SAR put/call ratio?

For the February 19, 2027 expiration, the SAR put/call ratio based on open interest is 5.51 (1,603 puts vs 291 calls), and 1.02 based on today's volume. A ratio above 1 means more puts than calls.

What is SAR's implied volatility?

At-the-money implied volatility for SAR options expiring February 19, 2027 is about 37.6%, an annualized estimate of how much the market expects Saratoga Investment New stock to move.

How many SAR option expiration dates are there?

SAR has 4 listed expiration dates, from Oct 16, 2026 to May 21, 2027.

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.