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: May 21, 2027
Days to expiration: 223
Share price: $15.03
Put/call ratio (OI): 31.08
Put/call ratio (volume): 30.00
ATM implied volatility: 71.6%
Expected move: ±$8.41
Open interest (C / P): 36 / 1.12K

SAR options summary

The SAR options chain for the May 21, 2027 expiration lists 2 call and 6 put contracts, with 223 days until expiration. Open interest stands at 36 calls and 1,119 puts, a put/call ratio of 31.08, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $15.00 strike is 71.6%, which implies the market expects a move of about ±$8.41 (55.9%) in Saratoga Investment New stock by expiration.

The most open interest sits at the $17.50 call (36 contracts) and the $30.00 put (1.00K contracts).

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

SAR options chain · May 21, 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	364.4%	14.57	10.80	14.20	2.50	—	—	—	—	—	—
—	—	—	—	—	—	15.00	0.35	3.30	2.50	71.6%	1	3
SAR $15.03
36	2	33.8%	0.15	0.00	0.75	17.50	2.05	4.40	4.58	59.8%	7	8
—	—	—	—	—	—	20.00	6.10	6.60	6.60	61.0%	2	7
—	—	—	—	—	—	22.50	8.20	9.40	8.90	70.1%	98	5
—	—	—	—	—	—	25.00	10.10	11.70	9.80	68.4%	36	93
—	—	—	—	—	—	30.00	14.10	16.50	14.40	61.1%	66	1,003

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 May 21, 2027 expiration, the SAR put/call ratio based on open interest is 31.08 (1,119 puts vs 36 calls), and 30.00 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 May 21, 2027 is about 71.6%, 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.