Max Pain — SAP
Data as of market close Apr 2, 2026
SAP Max Pain Data
- Max Pain Strike
- $175.00
- Expected Move
- ±$6.70 (±3.9%)
- Days to Expiry
- 8
- Total Call OI
- 151
- Total Put OI
- 113
- Put/Call OI Ratio
- 0.75
- Spot Price
- $171.77
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $177.50 | 3/27/2026, 3:01:41 PM |
| 2026-04-02 | $170.00 | 4/1/2026, 8:54:06 PM |
| 2026-04-10 | $175.00 | 4/3/2026, 1:32:46 AM |
| 2026-04-17 | $180.00 | 4/3/2026, 1:32:46 AM |
| 2026-04-24 | $190.00 | 4/3/2026, 1:32:46 AM |
| 2026-05-01 | $180.00 | 4/3/2026, 1:32:46 AM |
| 2026-05-08 | $185.00 | 4/3/2026, 1:32:46 AM |
| 2026-05-15 | $230.00 | 4/3/2026, 1:32:46 AM |
| 2026-06-18 | $230.00 | 4/3/2026, 1:32:46 AM |
| 2026-09-18 | $210.00 | 4/3/2026, 1:32:46 AM |
| 2026-12-18 | $230.00 | 4/3/2026, 1:32:46 AM |
| 2027-01-15 | $220.00 | 4/3/2026, 1:32:46 AM |
| 2027-03-19 | $180.00 | 4/3/2026, 1:32:46 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 130 | 0 | 437500 | 437500 |
| 140 | 3000 | 324500 | 327500 |
| 145 | 4500 | 268500 | 273000 |
| 150 | 6000 | 213500 | 219500 |
| 155 | 7500 | 159500 | 167000 |
| 157.5 | 8250 | 135000 | 143250 |
| 160 | 9000 | 111000 | 120000 |
| 165 | 10500 | 69000 | 79500 |
| 167.5 | 11250 | 53250 | 64500 |
| 170 | 12250 | 37500 | 49750 |
| 172.5 | 16250 | 28500 | 44750 |
| 175 | 23000 | 21500 | 44500 |
| 177.5 | 32250 | 15000 | 47250 |
| 180 | 57000 | 8750 | 65750 |
| 185 | 114000 | 3250 | 117250 |
| 190 | 171000 | 1250 | 172250 |
| 192.5 | 199500 | 750 | 200250 |
| 195 | 228250 | 250 | 228500 |
| 197.5 | 258000 | 0 | 258000 |
| 200 | 287750 | 0 | 287750 |
View max pain levels for SAP options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.