SAP250919C00200000 Option on SAP SE ADR
| SAP Stock | USD 270.53 1.38 0.51% |
S A P's latest option contracts expiring on December 19th 2025 are carrying combined implied volatility of 0.38 with a put-to-call open interest ratio of 1.24 over 72 outstanding agreements suggesting investors are buying more puts than calls on contracts expiring on December 19th 2025. The total put volume is at 6.0, with calls trading at the volume of 35.0. This yields a 0.17 put-to-call volume ratio.
Open Interest Against December 19th 2025 Option Contracts
2025-12-19
The chart above shows S A P's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. S A P's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for S A P's option, there is no secondary market available for investors to trade.
S A P Maximum Pain Price Across 2025-12-19 Option Contracts
Max pain occurs when S A P's market makers reach a net positive position across all S A P's options at a strike price where option holders stand to lose the most money. By contrast, S A P's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on S A P
Analyzing S A P's in-the-money options over time can help investors to take a profitable long position in S A P regardless of its overall volatility. This is especially true when S A P's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money S A P's options could be used as guardians of the underlying stock as they move almost dollar for dollar with S A P's stock while costing only a fraction of its price.
SAP SE ADR In The Money Call Balance
When S A P's strike price is surpassing the current stock price, the option contract against SAP SE ADR stock is said to be in the money. When it comes to buying S A P's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on SAP SE ADR are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
SAP Current Options Market Mood
S A P's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps SAP Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of S A P's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. S A P's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current SAP contract
Base on the Rule 16, the options market is currently suggesting that SAP SE ADR will have an average daily up or down price movement of about 0.0238% per day over the life of the 2025-12-19 option contract. With S A P trading at USD 270.53, that is roughly USD 0.0643. If you think that the market is fully incorporating S A P's daily price movement you should consider buying SAP SE ADR options at the current volatility level of 0.38%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing S A P options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" SAP calls. Remember, the seller must deliver SAP SE ADR stock to the call owner when a call is exercised.
S A P Option Chain
When S A P's strike price is surpassing the current stock price, the option contract against SAP SE ADR stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
S A P's option chain is a display of a range of information that helps investors for ways to trade options on SAP. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for SAP. It also shows strike prices and maturity days for a S A P against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | SAP251219C00450000 | 3 | 450.0 | 0.0 - 0.2 | 1.0 | Out |
Call | SAP251219C00440000 | 26 | 440.0 | 0.05 - 0.2 | 0.05 | Out |
Call | SAP251219C00430000 | 27 | 430.0 | 0.0 - 0.2 | 2.1 | Out |
Call | SAP251219C00420000 | 12 | 420.0 | 0.05 - 0.25 | 2.2 | Out |
Call | SAP251219C00410000 | 129 | 410.0 | 0.05 - 0.25 | 0.37 | Out |
Call | SAP251219C00400000 | 56 | 400.0 | 0.05 - 0.3 | 0.11 | Out |
Call | SAP251219C00390000 | 36 | 390.0 | 0.1 - 0.35 | 0.39 | Out |
Call | SAP251219C00380000 | 91 | 380.0 | 0.15 - 0.45 | 0.35 | Out |
Call | SAP251219C00370000 | 291 | 370.0 | 0.25 - 0.5 | 0.55 | Out |
Call | SAP251219C00360000 | 227 | 360.0 | 0.4 - 0.7 | 0.65 | Out |
Call | SAP251219C00350000 | 110 | 350.0 | 0.6 - 0.85 | 0.55 | Out |
Call | SAP251219C00340000 | 175 | 340.0 | 0.95 - 1.15 | 1.09 | Out |
Call | SAP251219C00330000 | 264 | 330.0 | 1.4 - 1.65 | 1.15 | Out |
Call | SAP251219C00320000 | 117 | 320.0 | 2.15 - 2.4 | 2.5 | Out |
Call | SAP251219C00310000 | 141 | 310.0 | 3.2 - 3.6 | 2.88 | Out |
Call | SAP251219C00300000 | 397 | 300.0 | 4.9 - 5.3 | 5.0 | Out |
Call | SAP251219C00290000 | 252 | 290.0 | 7.4 - 7.8 | 7.6 | Out |
Call | SAP251219C00280000 | 294 | 280.0 | 10.8 - 11.3 | 11.2 | Out |
Call | SAP251219C00270000 | 191 | 270.0 | 15.3 - 15.9 | 15.55 | Out |
Call | SAP251219C00260000 | 115 | 260.0 | 21.1 - 21.8 | 20.2 | In |
Call | SAP251219C00250000 | 139 | 250.0 | 28.2 - 28.9 | 24.1 | In |
Call | SAP251219C00240000 | 75 | 240.0 | 34.6 - 36.9 | 38.0 | In |
Call | SAP251219C00230000 | 12 | 230.0 | 44.1 - 45.8 | 42.8 | In |
Call | SAP251219C00220000 | 4 | 220.0 | 52.7 - 55.6 | 50.0 | In |
Call | SAP251219C00210000 | 14 | 210.0 | 62.1 - 65.1 | 54.1 | In |
Call | SAP251219C00200000 | 9 | 200.0 | 71.7 - 74.3 | 71.7 | In |
Call | SAP251219C00190000 | 4 | 190.0 | 81.4 - 83.9 | 81.4 | In |
Call | SAP251219C00185000 | 1 | 185.0 | 86.5 - 89.1 | 106.1 | In |
Call | SAP251219C00180000 | 4 | 180.0 | 90.7 - 94.7 | 90.7 | In |
Call | SAP251219C00165000 | 1 | 165.0 | 105.4 - 109.4 | 105.4 | In |
Call | SAP251219C00155000 | 3 | 155.0 | 115.3 - 119.2 | 115.3 | In |
Call | SAP251219C00150000 | 1 | 150.0 | 120.2 - 124.2 | 120.2 | In |
Call | SAP251219C00130000 | 1 | 130.0 | 139.9 - 143.6 | 139.9 | In |
Call | SAP251219C00125000 | 2 | 125.0 | 144.8 - 148.9 | 144.8 | In |
Put | SAP251219P00450000 | 0 | 450.0 | 177.3 - 181.4 | 177.3 | In |
Put | SAP251219P00440000 | 0 | 440.0 | 167.4 - 171.4 | 167.4 | In |
Put | SAP251219P00430000 | 0 | 430.0 | 157.4 - 161.5 | 157.4 | In |
Put | SAP251219P00420000 | 0 | 420.0 | 147.3 - 151.4 | 147.3 | In |
Put | SAP251219P00410000 | 0 | 410.0 | 137.3 - 141.4 | 137.3 | In |
Put | SAP251219P00400000 | 0 | 400.0 | 127.4 - 131.4 | 127.4 | In |
Put | SAP251219P00390000 | 0 | 390.0 | 117.5 - 121.4 | 117.5 | In |
Put | SAP251219P00380000 | 0 | 380.0 | 107.5 - 111.4 | 76.2 | In |
Put | SAP251219P00370000 | 0 | 370.0 | 97.4 - 101.4 | 65.7 | In |
Put | SAP251219P00360000 | 0 | 360.0 | 87.3 - 91.4 | 57.5 | In |
Put | SAP251219P00320000 | 3 | 320.0 | 48.4 - 51.9 | 48.63 | In |
Put | SAP251219P00310000 | 26 | 310.0 | 40.8 - 41.5 | 44.0 | In |
Put | SAP251219P00300000 | 68 | 300.0 | 32.3 - 34.0 | 47.32 | In |
Put | SAP251219P00290000 | 135 | 290.0 | 23.8 - 26.8 | 27.43 | In |
Put | SAP251219P00280000 | 143 | 280.0 | 18.0 - 18.5 | 32.0 | In |
Put | SAP251219P00270000 | 317 | 270.0 | 12.6 - 14.3 | 12.7 | Out |
Put | SAP251219P00260000 | 590 | 260.0 | 8.5 - 8.9 | 8.5 | Out |
Put | SAP251219P00250000 | 336 | 250.0 | 5.6 - 5.9 | 6.05 | Out |
Put | SAP251219P00240000 | 287 | 240.0 | 3.6 - 4.0 | 4.1 | Out |
Put | SAP251219P00230000 | 178 | 230.0 | 2.35 - 2.65 | 2.35 | Out |
Put | SAP251219P00220000 | 149 | 220.0 | 1.5 - 1.8 | 2.3 | Out |
Put | SAP251219P00210000 | 290 | 210.0 | 0.95 - 1.25 | 1.45 | Out |
Put | SAP251219P00200000 | 89 | 200.0 | 0.65 - 0.95 | 1.35 | Out |
Put | SAP251219P00195000 | 19 | 195.0 | 0.55 - 0.85 | 1.2 | Out |
Put | SAP251219P00190000 | 203 | 190.0 | 0.45 - 0.75 | 0.79 | Out |
Put | SAP251219P00185000 | 202 | 185.0 | 0.35 - 0.65 | 0.7 | Out |
Put | SAP251219P00180000 | 7 | 180.0 | 0.1 - 0.55 | 0.3 | Out |
Put | SAP251219P00175000 | 144 | 175.0 | 0.05 - 0.5 | 0.25 | Out |
Put | SAP251219P00170000 | 152 | 170.0 | 0.0 - 0.45 | 0.49 | Out |
Put | SAP251219P00165000 | 7 | 165.0 | 0.0 - 0.4 | 0.33 | Out |
Put | SAP251219P00160000 | 123 | 160.0 | 0.1 - 0.35 | 0.25 | Out |
Put | SAP251219P00155000 | 1 | 155.0 | 0.0 - 0.3 | 0.4 | Out |
Put | SAP251219P00150000 | 14 | 150.0 | 0.0 - 0.3 | 0.15 | Out |
Put | SAP251219P00145000 | 10 | 145.0 | 0.05 - 0.25 | 0.25 | Out |
Put | SAP251219P00140000 | 154 | 140.0 | 0.0 - 0.25 | 0.25 | Out |
Put | SAP251219P00135000 | 104 | 135.0 | 0.0 - 0.2 | 0.2 | Out |
Put | SAP251219P00130000 | 63 | 130.0 | 0.0 - 0.2 | 0.1 | Out |
Put | SAP251219P00125000 | 193 | 125.0 | 0.0 - 0.2 | 0.2 | Out |
S A P Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
SAP Total Stockholder Equity
Total Stockholder Equity |
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S A P Corporate Management
| Christa VergienKnopf | Independent Member of the Supervisory Board, Employee Representatives | Profile | |
| James Wright | Independent Member of the Supervisory Board, Employee Representatives | Profile | |
| Hernn Mario | Global Officer | Profile | |
| Juergen Mller | CTO Board | Profile | |
| Adaire FoxMartin | Global Customer Operations EMEA, MEE and Greater China, Member of the Executive Board | Profile | |
| Pekka AlaPietila | Independent Member of the Supervisory Board | Profile | |
| Christine Regitz | Independent Member of the Supervisory Board, Employee representative | Profile |
Additional Tools for SAP Stock Analysis
When running S A P's price analysis, check to measure S A P's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy S A P is operating at the current time. Most of S A P's value examination focuses on studying past and present price action to predict the probability of S A P's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move S A P's price. Additionally, you may evaluate how the addition of S A P to your portfolios can decrease your overall portfolio volatility.