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SAP

SAP SEClose $179.89EOD only

Max Pain

$170.00

Next expiry May 22, 2026

Expected Move

±$5.83

3.2% from close

Price Gap

-9.89

Distance to max pain

IV Rank

Low premium

P/C OI

1.05

Balanced positioning

Consensus

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No reports available

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects SAP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 20, 2026 close

SAP Options Chain

Data as of market close May 20, 2026

Expiration

Compare calls and puts side by side with OI, volume, IV, and positioning context.

Control Row

Next expiry (DTE 2)

Blank greek cells usually mean usable implied volatility was unavailable for that contract in the market-close snapshot.

Open Interest by Strike

IV Skew

Volume by Strike

Calls

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
117.00	54.87	60.70	64.40	0.00	0	0	333.1%	0.969	0.0016	-0.785	0.009	0.006
140.00	31.84	37.90	40.70	0.00	1	1	186.2%	0.971	0.0027	-0.431	0.009	0.007
146.00	22.20	31.90	34.70	0.00	81	19	161.0%	0.965	0.0036	-0.430	0.010	0.008
147.00	21.25	30.90	34.00	0.00	81	19	169.8%	0.953	0.0044	-0.575	0.013	0.008
150.00	17.49	27.90	31.10	0.00	0	1	160.5%	0.944	0.0053	-0.618	0.015	0.008
152.50	12.60	25.40	27.90	0.00	0	2	120.2%	0.972	0.0041	-0.278	0.009	0.008
157.50	16.68	20.50	23.30	0.00	1	4	117.5%	0.942	0.0074	-0.469	0.015	0.008
160.00	19.74	17.90	20.40	-2.13	2	3	91.9%	0.961	0.0069	-0.277	0.011	0.008
162.50	7.40	15.50	18.80	0.00	6	8	111.1%	0.900	0.0119	-0.668	0.023	0.008
165.00	15.90	13.30	15.90	-2.50	2	13	89.0%	0.911	0.0136	-0.494	0.021	0.008
167.50	7.00	11.10	13.60	0.00	1	411	83.3%	0.883	0.0177	-0.560	0.026	0.008
170.00	6.50	8.70	11.20	-6.60	2	22	74.1%	0.856	0.0230	-0.576	0.030	0.008
172.50	7.20	6.30	8.90	-0.51	8	373	66.1%	0.812	0.0306	-0.609	0.036	0.008
175.00	6.00	5.00	6.80	-0.40	3	93	60.4%	0.740	0.0403	-0.667	0.043	0.007
177.50	4.06	3.20	4.90	-0.54	10	38	55.4%	0.638	0.0508	-0.704	0.050	0.006
180.00	1.97	2.40	3.10	-1.00	23	214	48.5%	0.503	0.0618	-0.654	0.053	0.005
182.50	1.15	1.05	2.10	-0.77	10	570	49.4%	0.356	0.0566	-0.620	0.050	0.003
185.00	0.92	0.30	1.00	-0.30	27	647	43.3%	0.198	0.0482	-0.405	0.037	0.002
187.50	0.57	0.15	0.80	-0.44	9	416	49.7%	0.135	0.0329	-0.362	0.029	0.001
190.00	0.25	0.00	0.40	-0.27	7	230	47.9%	0.065	0.0198	-0.203	0.017	0.001
192.50	0.45	0.00	0.80	0.00	9	5	56.1%	0.054	0.0147	-0.206	0.015	0.001
195.00	0.14	0.00	0.15	-0.23	224	124	51.6%	0.018	0.0066	-0.078	0.006	0.000
200.00	0.15	0.05	0.35	0.00	5	9	67.8%	0.019	0.0051	-0.103	0.006	0.000
205.00	0.25	0.00	0.75	0.00	1	1	90.6%	0.028	0.0053	-0.195	0.009	0.000
210.00	2.39	0.00	0.75	0.00	1	2	103.4%	0.024	0.0041	-0.194	0.007	0.000
212.50	2.36	0.00	0.75	0.00	0	1	109.6%	0.022	0.0036	-0.193	0.007	0.000
217.50	0.12	0.00	0.75	0.00	0	8	121.5%	0.020	0.0029	-0.192	0.006	0.000
220.00	0.12	0.00	0.75	0.00	0	2	127.1%	0.018	0.0027	-0.191	0.006	0.000
230.00	0.35	0.00	1.00	0.00	0	20	157.2%	0.020	0.0023	-0.255	0.006	0.000
235.00	0.12	0.00	2.15	0.00	0	2	196.7%	0.039	0.0032	-0.555	0.011	0.000

Puts

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
115.00	1.22	0.00	2.15	0.00	0	2	318.4%	-0.022	0.0012	-0.552	0.007	-0.000
130.00	0.75	0.00	2.10	0.00	4	6	243.5%	-0.029	0.0020	-0.537	0.009	-0.000
135.00	0.01	0.00	2.15	0.00	8	10	221.7%	-0.033	0.0025	-0.548	0.010	-0.000
140.00	0.21	0.00	2.10	0.00	0	3	198.0%	-0.037	0.0031	-0.534	0.011	-0.000
144.00	0.30	0.00	0.30	0.00	1	1	122.5%	-0.006	0.0011	-0.071	0.002	-0.000
145.00	0.14	0.00	0.75	0.00	1	36	140.0%	-0.016	0.0022	-0.190	0.005	-0.000
146.00	0.50	0.00	0.75	0.00	0	1	136.3%	-0.017	0.0023	-0.190	0.006	-0.000
147.00	0.40	0.00	0.30	0.00	0	7	112.7%	-0.007	0.0013	-0.072	0.003	-0.000
148.00	0.11	0.00	0.75	0.00	191	1,144	128.9%	-0.018	0.0026	-0.190	0.006	-0.000
149.00	0.90	0.00	0.75	0.00	0	7	125.2%	-0.019	0.0027	-0.190	0.006	-0.000
150.00	0.35	0.00	0.25	0.00	7	51	100.0%	-0.006	0.0013	-0.059	0.002	-0.000
152.50	0.01	0.00	0.40	-0.09	5	38	99.8%	-0.011	0.0023	-0.099	0.004	-0.000
155.00	0.07	0.00	0.35	-0.03	2	39	89.3%	-0.011	0.0024	-0.086	0.004	-0.000
157.50	0.10	0.00	0.80	0.00	2	27	95.8%	-0.028	0.0050	-0.203	0.009	-0.000
160.00	0.10	0.00	0.40	-0.20	10	124	75.0%	-0.016	0.0040	-0.100	0.005	-0.000
162.50	0.13	0.00	0.50	0.00	3	28	69.9%	-0.023	0.0059	-0.127	0.007	-0.000
165.00	0.20	0.00	0.45	0.02	1	62	60.1%	-0.024	0.0072	-0.114	0.008	-0.000
167.50	0.80	0.00	0.80	0.50	5	13	59.3%	-0.049	0.0129	-0.200	0.014	-0.000
170.00	0.60	0.05	1.40	0.35	1	31	59.8%	-0.096	0.0214	-0.336	0.023	-0.001
172.50	0.70	0.30	0.85	-0.53	11	15	52.0%	-0.132	0.0309	-0.368	0.029	-0.001
175.00	1.00	0.65	1.35	-0.50	19	18	50.2%	-0.222	0.0445	-0.492	0.040	-0.002
177.50	2.50	0.75	2.40	0.00	8	9	53.6%	-0.358	0.0523	-0.659	0.050	-0.004
180.00	5.09	2.55	3.60	1.69	3	417	54.5%	-0.496	0.0550	-0.712	0.053	-0.005

How to Read the Chain

Use this market-close chain snapshot to compare liquidity, pricing, IV, and per-contract greeks across the active expiration.

How to scan it

Start with strike, bid/ask spread, open interest, and volume. Then use IV and greeks to decide whether a contract fits your directional, income, or volatility idea.

What matters first

Clean fills matter before a contract looks mathematically attractive. A thin market can erase the edge you think you found.

What can mislead you

Low premium, high IV, or one convenient delta do not make a trade by themselves. Check how far the strike sits from spot, expected move, and the event calendar.

Greeks are close-of-day estimates, and blank greek cells usually mean usable implied volatility was unavailable for that contract.