SAP SE (SAP) Options Statistics & Positioning

SAP SE (SAP) options trade at a 30-day at-the-money implied volatility of 34.7%, an IV rank of 33 out of 100 over the past year. The options market prices a ±$19.90 (±9.1%) move in SAP for the front expiration. Max pain sits at $190 and the put/call open interest ratio is 0.91. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$218.93

52-week range

$146.43 – $280.57

ATM IV (30d)

34.7%

IV rank

33 / 100

Low

Expected move

±$19.90 (±9.1%)

Put/call OI

0.91

Max pain

$190

↓ 13.2% below close

Most Active SAP Contracts

Contract	Expiration	DTE	Last	IV	Volume
SAP $230 put	Oct 16, 2026	53d	$18.00	35.1%	267
SAP $230 call	Oct 16, 2026	53d	$7.70	35.8%	260
SAP $222.5 call	Aug 28, 2026	4d	$2.25	39.1%	233
SAP $250 put	Jan 21, 2028	515d	$53.62	—	175
SAP $210 put	Sep 18, 2026	25d	$4.10	38.4%	120

See all active SAP contracts →

Explore SAP Options Statistics

SAP Implied Volatility

34.7% ATM IV (30d)

An IV rank of 33 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

SAP Open Interest

0.91 put/call OI ratio

42,264 calls and 38,503 puts outstanding across all expirations.

Full open interest analysis →

SAP Max Pain

$190 max pain

13.2% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

SAP Gamma Exposure

$743.2M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

SAP Options Volume

2,553 contracts traded

Put/call volume ratio 1.12 — plus contracts running far above their usual volume.

Full volume & flow analysis →

SAP Most Active Options

$230 top volume strike

The 25 most actively traded SAP contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Explore the payoff profile of option on SAP for free

Build multi-leg SAP strategies, visualize payoffs, and scan the full US options universe with OptiView.

Open SAP in the platform Scan options

SAP Options FAQ

How often is SAP options data on this page updated?

All SAP statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see SAP max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated SAP pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.