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 Oct 9, 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 $195 put | Nov 20, 2026 | 42d | $4.00 | 41.3% | 36 | -0.22 | 276 | 428 | 56.8× avg |
| SAP $220 call | Nov 20, 2026 | 42d | $9.84 | 40.0% | 19 | 0.46 | 346 | 259 | 18.7× avg |
| SAP $200 put | Nov 20, 2026 | 42d | $5.35 | 40.9% | 34 | -0.27 | 182 | 208 | 27.6× avg |
| SAP $175 put | Jan 21, 2028 | 469d | $14.30 | 39.1% | 17 | -0.22 | 517 | 190 | 113.4× avg |
| SAP $230 call | Nov 20, 2026 | 42d | $6.25 | 40.5% | 30 | 0.34 | 444 | 177 | 14.8× avg |
| SAP $190 put | Nov 20, 2026 | 42d | $2.95 | 42.0% | 41 | -0.17 | 62 | 136 | 18.1× avg |
| SAP $400 call | Jan 21, 2028 | 469d | $5.10 | 38.8% | 6 | 0.13 | 98 | 84 | 96.8× avg |
| SAP $222.5 call | Oct 16, 2026 | 7d | $1.20 | 31.8% | 27 | 0.22 | 776 | 78 | 2.4× avg |
| SAP $150 put | Dec 18, 2026 | 70d | $0.45 | 46.8% | 12 | -0.03 | 226 | 60 | 35.9× avg |
| SAP $145 put | Jan 21, 2028 | 469d | $7.40 | 41.0% | 4 | -0.12 | 54 | 50 | 53.9× avg |
| SAP $240 call | Jan 15, 2027 | 98d | $8.00 | 37.4% | 5 | 0.33 | 591 | 44 | 12.8× avg |
| SAP $270 call | Jan 19, 2029 | 833d | $35.97 | 39.5% | 27 | 0.49 | 0 | 36 | 13.8× avg |
| SAP $180 put | Jan 15, 2027 | 98d | $3.60 | 38.5% | 14 | -0.15 | 738 | 35 | 20.9× avg |
| SAP $225 call | Oct 16, 2026 | 7d | $0.90 | 32.3% | 30 | 0.16 | 77 | 33 | 1.0× avg |
| SAP $210 put | Dec 18, 2026 | 70d | $11.40 | 37.9% | 24 | -0.40 | 191 | 33 | 5.1× avg |
| SAP $215 call | Oct 16, 2026 | 7d | $3.80 | 32.1% | 29 | 0.50 | 122 | 30 | 0.9× avg |
| SAP $220 put | Nov 20, 2026 | 42d | $13.86 | 39.7% | 53 | -0.53 | 294 | 25 | 1.9× avg |
| SAP $250 call | Nov 20, 2026 | 42d | $2.32 | 40.9% | 33 | 0.16 | 159 | 24 | 2.0× avg |
| SAP $217.5 call | Oct 16, 2026 | 7d | $2.95 | 32.0% | 28 | 0.40 | 94 | 24 | 0.7× avg |
| SAP $205 put | Oct 16, 2026 | 7d | $0.94 | 33.3% | 5 | -0.15 | 146 | 22 | 2.4× avg |
| SAP $200 put | Oct 16, 2026 | 7d | $0.36 | 35.5% | 1 | -0.07 | 333 | 21 | 4.9× avg |
| SAP $210 put | Nov 20, 2026 | 42d | $9.10 | 40.0% | 39 | -0.40 | 442 | 21 | 3.2× avg |
| SAP $210 put | Oct 16, 2026 | 7d | $1.72 | 32.7% | 4 | -0.30 | 1,698 | 21 | 2.3× avg |
| SAP $280 call | Jan 15, 2027 | 98d | $2.15 | 37.9% | 12 | 0.11 | 127 | 20 | 7.7× avg |
| SAP $220 call | Oct 16, 2026 | 7d | $1.72 | 31.6% | 26 | 0.30 | 740 | 20 | 0.6× 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 $195 put expiring in 42 days, with 428 contracts traded. Puts dominate the most-active list (13 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 $195 put expiring Nov 20, 2026, with 428 contracts traded as of Oct 9, 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.