SAP SE (SAP) Most Active Options
The 25 most actively traded SAP SE (SAP) option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.
Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
Most Active SAP Contracts
| Contract | Expiration | DTE | Last | IV | IV rank (30d) | Delta | Open interest | Volume | vs 30d avg |
|---|---|---|---|---|---|---|---|---|---|
| SAP $230 put | Oct 16, 2026 | 53d | $18.00 | 35.1% | 33 | -0.61 | 0 | 267 | 79.1× avg |
| SAP $230 call | Oct 16, 2026 | 53d | $7.70 | 35.8% | 0 | 0.39 | 48 | 260 | 136.3× avg |
| SAP $222.5 call | Aug 28, 2026 | 4d | $2.25 | 39.1% | 23 | 0.35 | 176 | 233 | 17.3× avg |
| SAP $250 put | Jan 21, 2028 | 515d | $53.62 | — | 22 | — | 4 | 175 | 68.1× avg |
| SAP $210 put | Sep 18, 2026 | 25d | $4.10 | 38.4% | 8 | -0.32 | 971 | 120 | 29.6× avg |
| SAP $227.5 call | Aug 28, 2026 | 4d | $1.20 | 39.8% | 24 | 0.18 | 303 | 101 | 7.5× avg |
| SAP $230 put | Aug 28, 2026 | 4d | $13.00 | 47.3% | 9 | -0.84 | 1 | 96 | 16.6× avg |
| SAP $260 put | Jan 21, 2028 | 515d | $60.20 | 39.0% | 8 | -0.53 | 1 | 80 | 174.1× avg |
| SAP $230 call | Sep 18, 2026 | 25d | $4.20 | 34.7% | 27 | 0.31 | 1,263 | 77 | 35.7× avg |
| SAP $220 put | Oct 16, 2026 | 53d | $11.80 | 34.6% | 32 | -0.48 | 71 | 76 | 22.5× avg |
| SAP $240 call | Oct 16, 2026 | 53d | $4.90 | 36.0% | 0 | 0.28 | 1 | 72 | 37.8× avg |
| SAP $240 put | Oct 16, 2026 | 53d | $24.90 | 35.3% | 33 | -0.72 | 0 | 70 | 20.7× avg |
| SAP $460 call | Jan 15, 2027 | 144d | $0.30 | 49.6% | 80 | 0.01 | 221 | 61 | 23.0× avg |
| SAP $220 call | Oct 16, 2026 | 53d | $12.30 | 36.2% | 1 | 0.52 | 63 | 55 | 28.8× avg |
| SAP $220 call | Sep 18, 2026 | 25d | $7.60 | 34.7% | 27 | 0.50 | 1,344 | 35 | 16.2× avg |
| SAP $250 call | Oct 16, 2026 | 53d | $3.20 | 36.3% | 1 | 0.19 | 1 | 32 | 16.8× avg |
| SAP $222.5 call | Sep 18, 2026 | 25d | $6.70 | 37.6% | 30 | 0.46 | — | 26 | 12.0× avg |
| SAP $215 put | Aug 28, 2026 | 4d | $2.17 | 42.6% | 9 | -0.34 | 13 | 25 | 4.3× avg |
| SAP $270 put | Jan 21, 2028 | 515d | $67.34 | 39.3% | 8 | -0.56 | 37 | 25 | 54.4× avg |
| SAP $220 put | Sep 18, 2026 | 25d | $8.50 | 34.5% | 7 | -0.50 | 477 | 22 | 5.4× avg |
| SAP $210 put | Dec 18, 2026 | 116d | $13.65 | 38.6% | 8 | -0.37 | 112 | 21 | 45.7× avg |
| SAP $195 put | Jan 15, 2027 | 144d | $9.50 | 38.4% | 8 | -0.26 | 128 | 21 | 45.7× avg |
| SAP $225 call | Sep 4, 2026 | 11d | $3.30 | 35.9% | 55 | 0.34 | 9 | 20 | 9.8× avg |
| SAP $200 put | Oct 16, 2026 | 53d | $4.20 | 36.3% | 34 | -0.23 | 2 | 18 | 5.3× avg |
| SAP $212.5 put | Sep 4, 2026 | 11d | $3.10 | 37.4% | 1 | -0.31 | 2 | 16 | 19.8× avg |
Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.
The most active SAP contract today is the $230 put expiring in 53 days, with 267 contracts traded. Puts dominate the most-active list (14 of the top 25), showing where trading interest concentrates.
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SAP Options FAQ
Which SAP option contract is most active today?
The most traded SAP contract is the $230 put expiring Oct 16, 2026, with 267 contracts traded as of Aug 24, 2026.
How does OptiView rank the most active SAP options?
The table lists the 25 SAP contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.
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.