SAP · Option chain

SAP Option Chain

Every listed SAP strike within 25% of spot, across the next 6 expirations — calls and puts side by side with last price, volume and open interest, plus the closing bid and ask.

Open interest and pricing as of the close on 2026-09-03. Recomputed every morning before the open.

Spot

$217.03

Call open interest

19,768

Put open interest

16,153

Put/call (volume)

1.27

1,072 contracts changed hands across these expirations — 473 calls against 599 puts. Puts outtraded calls 1.27 to one.

Sep 11, 20266 days

call OI 950 · put OI 1,711

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	45.40 / 49.20	—	6	170	—	0.00 / 1.10	—	—
—	40.40 / 44.20	—	—	175	—	0.00 / 0.70	—	2
—	35.40 / 38.40	—	—	180	—	0.00 / 0.90	—	3
—	30.40 / 34.30	—	4	185	—	0.00 / 0.50	—	1
—	28.20 / 30.70	—	—	187.5	—	0.00 / 0.90	—	3
—	25.50 / 27.90	—	2	190	0.16	0.00 / 0.45	94	446
—	20.60 / 23.60	—	—	195	—	0.00 / 0.70	—	253
—	15.80 / 19.70	—	2	200	—	0.00 / 1.35	—	5
—	11.10 / 13.90	—	1	205	1.00	0.00 / 1.40	1	18
11.58	10.00 / 12.30	2	14	207.5	—	0.00 / 1.75	—	44
—	8.20 / 10.10	—	8	210	—	1.50 / 2.20	—	302
7.09	6.70 / 8.10	1	—	212.5	—	2.25 / 2.80	—	13
—	5.40 / 6.20	—	3	215	—	2.15 / 3.90	—	545
4.89	4.10 / 4.80	1	—	217.5	—	4.30 / 5.00	—	14
3.47	3.00 / 3.70	5	29	220	6.82	5.70 / 6.70	2	34
2.30	2.10 / 2.95	6	43	222.5	—	7.10 / 8.40	—	14
—	1.40 / 2.15	—	42	225	—	8.60 / 10.50	—	14
1.13	0.90 / 1.35	32	16	227.5	—	10.40 / 12.70	—	—
0.75	0.60 / 2.05	2	155	230	—	13.00 / 14.90	—	—
—	0.15 / 1.15	—	16	232.5	—	14.40 / 17.10	—	—
0.63	0.25 / 0.65	95	446	235	—	17.20 / 19.50	—	—
0.30	0.15 / 0.55	1	—	237.5	—	19.50 / 22.50	—	—
—	0.00 / 0.70	—	160	245	—	26.80 / 29.30	—	—
—	0.00 / 1.10	—	1	250	—	31.20 / 34.80	—	—
—	0.00 / 0.25	—	2	260	—	40.90 / 44.80	—	—
A dash means the contract did not trade — not a price of zero.

Sep 18, 202613 days

call OI 16,836 · put OI 11,022

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
51.25	50.80 / 54.20	1	328	165	—	0.05 / 0.15	—	1,034
—	46.80 / 47.70	—	580	170	0.15	0.00 / 0.15	2	1,297
—	41.20 / 42.70	—	454	175	—	0.05 / 0.20	—	1,266
—	36.20 / 37.80	—	914	180	0.22	0.00 / 0.25	5	531
—	31.00 / 34.40	—	985	185	—	0.05 / 0.40	—	670
26.04	27.30 / 28.60	1	838	190	0.45	0.25 / 0.50	96	920
—	21.40 / 24.60	—	525	195	0.99	0.50 / 0.80	1	733
—	19.30 / 22.20	—	—	197.5	—	0.55 / 1.10	—	24
17.05	17.10 / 19.90	5	6,658	200	1.02	0.95 / 1.05	170	1,844
—	15.10 / 17.60	—	—	202.5	1.40	1.15 / 1.70	5	198
—	13.20 / 15.30	—	—	205	1.81	1.65 / 2.00	6	65
—	11.40 / 13.20	—	2	207.5	—	2.20 / 2.60	—	32
10.13	10.10 / 11.20	55	990	210	3.12	3.00 / 3.30	9	1,059
8.40	8.40 / 9.30	3	66	212.5	4.40	3.80 / 4.30	3	250
7.00	7.10 / 7.70	21	69	215	5.02	4.90 / 5.90	5	248
6.00	5.90 / 6.40	3	129	217.5	7.80	6.10 / 6.50	12	132
5.12	4.80 / 5.30	8	1,384	220	—	7.30 / 7.90	—	595
—	3.90 / 4.30	—	293	222.5	—	8.60 / 10.10	—	66
3.20	3.10 / 3.40	2	166	225	—	10.10 / 11.30	—	11
2.28	2.20 / 2.70	1	86	227.5	—	11.70 / 13.30	—	—
2.01	1.70 / 2.20	19	1,322	230	—	14.00 / 15.40	—	20
1.40	1.25 / 1.65	4	60	232.5	—	16.00 / 17.70	—	—
—	0.90 / 1.40	—	44	235	—	18.10 / 20.10	—	—
0.87	0.60 / 1.15	4	2	237.5	—	20.40 / 22.40	—	—
0.71	0.45 / 0.90	8	556	240	—	22.90 / 24.80	—	27
0.32	0.20 / 0.55	4	190	250	—	32.10 / 34.30	—	—
0.17	0.05 / 0.40	3	97	260	—	41.40 / 44.60	—	—
—	0.00 / 0.35	—	1	265	—	47.20 / 49.20	—	—
—	0.00 / 0.30	—	97	270	—	51.20 / 54.80	—	—
A dash means the contract did not trade — not a price of zero.

Sep 25, 202620 days

call OI 210 · put OI 408

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	45.60 / 49.60	—	—	170	—	0.00 / 0.70	—	14
—	40.60 / 44.60	—	—	175	1.10	0.00 / 0.60	1	16
—	36.10 / 38.90	—	3	180	—	0.00 / 0.85	—	100
—	30.90 / 34.80	—	—	185	—	0.00 / 1.50	—	200
—	26.00 / 30.10	—	—	190	—	0.00 / 2.85	—	4
—	22.00 / 25.00	—	2	195	—	0.45 / 2.25	—	17
—	17.20 / 21.10	—	3	200	1.75	1.00 / 2.95	1	6
—	13.70 / 16.90	—	12	205	—	1.15 / 3.10	—	4
—	10.20 / 13.40	—	13	210	4.70	2.70 / 6.10	7	6
9.25	8.10 / 9.20	3	28	215	—	5.90 / 6.60	—	5
6.38	5.90 / 6.80	29	59	220	8.85	7.50 / 9.10	1	4
—	3.30 / 4.80	—	6	225	—	10.10 / 12.90	—	25
—	2.05 / 3.30	—	21	230	—	14.60 / 16.80	—	—
1.85	1.70 / 2.25	1	24	235	—	18.50 / 20.90	—	—
1.49	0.00 / 3.30	3	34	240	—	22.80 / 25.30	—	1
2.10	0.20 / 1.90	1	3	245	—	26.90 / 29.90	—	—
0.68	0.00 / 1.20	4	2	250	—	31.80 / 34.60	—	6
A dash means the contract did not trade — not a price of zero.

Oct 02, 202627 days

call OI 24 · put OI 22

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	41.30 / 44.20	—	—	175	0.46	0.00 / 0.90	1	—
—	31.30 / 35.40	—	2	185	—	0.05 / 2.85	—	2
—	26.70 / 30.70	—	—	190	—	0.00 / 3.10	—	3
—	22.30 / 26.30	—	—	195	—	0.00 / 3.60	—	2
—	18.40 / 22.20	—	1	200	—	0.60 / 4.50	—	1
—	14.50 / 18.20	—	4	205	—	2.60 / 4.90	—	5
—	11.10 / 14.90	—	—	210	—	4.80 / 6.00	—	3
—	9.10 / 11.70	—	2	215	—	5.40 / 9.20	—	4
—	6.60 / 9.30	—	4	220	—	8.40 / 10.30	—	2
—	3.50 / 6.00	—	3	225	—	11.30 / 14.60	—	—
—	2.25 / 4.50	—	2	230	—	15.20 / 17.60	—	—
—	1.15 / 4.80	—	2	235	—	18.20 / 22.10	—	—
—	0.10 / 2.40	—	2	240	—	22.90 / 26.20	—	—
—	0.00 / 2.80	—	1	255	—	36.20 / 40.30	—	—
—	0.00 / 2.50	—	1	265	—	46.00 / 50.00	—	—
A dash means the contract did not trade — not a price of zero.

Oct 09, 202634 days

call OI 18 · put OI 2

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	27.30 / 31.00	—	—	190	1.52	0.35 / 2.90	4	1
—	19.20 / 22.50	—	1	200	3.20	2.45 / 4.10	4	1
13.20	12.40 / 15.70	1	—	210	6.55	4.40 / 7.70	1	—
10.65	9.70 / 12.20	1	1	215	8.86	6.80 / 10.00	1	—
—	3.50 / 6.90	—	5	230	—	16.00 / 18.50	—	—
—	0.95 / 4.10	—	10	240	—	23.50 / 26.60	—	—
—	0.05 / 3.20	—	1	250	—	31.60 / 35.60	—	—
A dash means the contract did not trade — not a price of zero.

Oct 16, 202641 days

call OI 1,730 · put OI 2,988

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	51.60 / 55.20	—	—	165	—	0.25 / 0.75	—	3
—	46.90 / 50.30	—	—	170	—	0.40 / 0.90	—	7
—	42.10 / 45.50	—	—	175	—	0.60 / 1.10	—	27
—	37.50 / 40.70	—	—	180	—	0.85 / 1.35	—	17
—	33.20 / 35.20	—	—	185	1.85	1.20 / 1.75	1	100
—	28.60 / 31.40	—	—	190	2.43	1.85 / 2.25	2	258
—	24.60 / 27.00	—	—	195	2.87	2.60 / 2.95	1	158
—	20.80 / 22.90	—	2	200	3.97	3.50 / 4.00	8	78
14.50	14.60 / 15.50	53	530	210	7.10	6.80 / 7.20	44	1,282
9.70	9.40 / 9.90	36	453	220	11.70	11.40 / 12.00	111	668
5.90	5.70 / 6.10	3	409	230	—	17.20 / 18.30	—	294
3.20	3.10 / 3.60	40	232	240	—	24.30 / 26.50	—	96
2.02	1.65 / 2.20	11	84	250	—	33.30 / 35.20	—	—
—	0.85 / 1.30	—	4	260	—	42.60 / 44.60	—	—
—	0.40 / 0.90	—	16	270	—	51.40 / 54.80	—	—
A dash means the contract did not trade — not a price of zero.

How to read this chain

Calls sit on the left, puts on the right, and every row is one strike. The highlighted row is the strike closest to spot. Open interest is the number of contracts still outstanding at that strike — positions that exist right now. Volume is how many traded on the session shown. Open interest builds slowly and marks where positioning has accumulated; volume spikes and marks where attention went today.

Strikes with no open interest and no trades on either side are omitted, and the ladder is trimmed to within 25% of spot — the far wings are almost entirely empty and say nothing about positioning.

More on SAP

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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.