Banco Santander SA ADR (SAN) Options

7.17 ↑0.00 (0.00%)

As of December 31, 1969, 7:00pm EST.

SAN Max Pain

The max pain for SAN on May 16th, 2025 is $7.

Banco Santander SA ADR is currently $7.17 which is 2.43% higher than its max pain. According to the max pain theory, Banco Santander SA ADR will likely gravitate lower closer to $7 by May 16th.

Outlook: Negative

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SAN Max Pain Distribution Chart

Option Chain

The option chain for Banco Santander SA ADR on May 16th.

Calls

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
7	0	N/A	8.4	11.2	0	0	416.31	0.9369	0.0103	-0.0642	0.0035	9.8
8	0	N/A	7.4	10.2	0	0	360.61	0.9265	0.0135	-0.0627	0.0039	8.8
9	0	N/A	6.4	9.2	0	0	311.76	0.9147	0.0175	-0.0608	0.0044	7.8
10	3.9	93.86%	5.4	8.1	0	0	257.59	0.9067	0.0226	-0.0537	0.0047	6.75
11	3	95.26%	4.1	7.1	0	18	187.66	0.9162	0.0287	-0.0359	0.0043	5.6
12	4.05	123.85%	3.1	6	0	6	144.66	0.9131	0.0383	-0.0283	0.0044	4.55
13	3.4	128.73%	2.2	4.7	2	2626	74.73	0.9688	0.0332	-0.0059	0.0019	3.4
14	2.75	133.61%	1.2	2.7	2	186	109.52	0.8201	0.0841	-0.0361	0.0074	2.7
15	1.5	130.13%	1.4	1.55	242	537	52.72	0.8419	0.1613	-0.0156	0.0068	1.5
16	0.72	133.19%	0.6	0.95	17	1021	45.9	0.6278	0.29	-0.0218	0.0107	0.72
17	0.15	139.19%	0.15	0.2	31	2319	33.42	0.2667	0.3458	-0.0139	0.0093	0.15
18	0.05	151.74%	0	0.1	0	96	40.65	0.095	0.1461	-0.0088	0.0048	0.05
19	0	N/A	0	0.1	0	0	56.9	0.0722	0.0849	-0.01	0.0039	0.05
20	0	N/A	0	0.35	0	0	97.15	0.1347	0.0784	-0.0271	0.0062	0.18
21	0	N/A	0	0.75	0	0	142.51	0.1883	0.0666	-0.0495	0.0077	0.38
22	0	N/A	0	0.75	0	0	158.61	0.1744	0.057	-0.0525	0.0073	0.38
23	0	N/A	0	0.75	0	0	173.45	0.1635	0.05	-0.0551	0.007	0.38
24	0	N/A	0	0.65	0	0	179.63	0.1418	0.0439	-0.0519	0.0064	0.33

Puts

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
7	0	N/A	0	0.75	0	0	398.13	-0.0575	0.0102	-0.0593	0.0033	0.38
8	0	N/A	0	0.75	0	0	344.67	-0.0672	0.0133	-0.058	0.0037	0.38
9	0	N/A	0	0.75	0	0	297.72	-0.0783	0.0173	-0.0563	0.0042	0.38
10	0.25	42.96%	0	0.1	0	10	157.92	-0.0265	0.0136	-0.0125	0.0017	0.05
11	0.35	58.30%	0	0.1	0	215	131.33	-0.0316	0.019	-0.0121	0.002	0.05
12	0.08	68.48%	0	0.1	0	260	106.66	-0.0383	0.0274	-0.0115	0.0024	0.05
13	0.08	82.43%	0	0.1	0	62	83.43	-0.048	0.0421	-0.0108	0.0028	0.05
14	0.05	95.96%	0	0.35	0	116	86.58	-0.1321	0.0868	-0.024	0.0061	0.18
15	0.1	110.60%	0.05	0.15	9	276	48.16	-0.1383	0.1611	-0.0139	0.0063	0.1
16	0.3	127.34%	0.25	0.3	3	980	41.2	-0.3607	0.3192	-0.0202	0.0106	0.3
17	0.94	150.21%	0.75	0.85	0	1	35.57	-0.7182	0.3324	-0.0161	0.0096	0.8
18	2.5	185.91%	1.3	1.8	0	2	59.48	-0.8058	0.1615	-0.0216	0.0078	1.8
19	3.4	212.41%	1.55	3.9	0	2	67.12	-0.8872	0.099	-0.0169	0.0054	2.73
20	0	N/A	2.55	4.9	0	0	83.31	-0.9036	0.071	-0.0186	0.0048	3.72
21	0	N/A	3.5	5.9	0	0	91.93	-0.929	0.0509	-0.0162	0.0038	4.7
22	0	N/A	4.5	6.9	0	0	105.05	-0.9353	0.0414	-0.0171	0.0035	5.7
23	0	N/A	4.9	8.3	0	0	313.74	-0.6366	0.042	-0.1516	0.0106	8.3
24	0	N/A	5.9	9.3	0	0	330.56	-0.647	0.0394	-0.158	0.0105	9.3