SAP SE ADR (SAP) Options

271.42 ↑1.08 (0.40%)

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

SAP Max Pain

The max pain for SAP on April 17th, 2025 is $270.

SAP SE ADR is currently $271.42 which is 0.53% higher than its max pain. According to the max pain theory, SAP SE ADR will likely gravitate lower closer to $270 by April 17th.

Outlook: Negative

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SAP Max Pain Distribution Chart

Option Chain

The option chain for SAP SE ADR on April 17th.

Calls

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
175	0	N/A	91	95.9	0	0	94.18	0.9808	0.0008	-0.0696	0.0273	93.45
180	0	N/A	86.1	90.9	0	0	90.11	0.9783	0.0009	-0.0744	0.0303	88.5
185	0	N/A	81	85.9	0	0	82.75	0.9792	0.0009	-0.0665	0.0291	83.45
190	0	N/A	76	80.9	0	0	77.23	0.9783	0.001	-0.0648	0.0301	78.45
195	0	N/A	71	75.9	0	0	71.83	0.9774	0.0012	-0.0631	0.0312	73.45
200	65.2	-2.29%	66	70.8	0	1	64.94	0.9788	0.0012	-0.0551	0.0295	68.4
210	0	N/A	56	60.8	0	0	54.86	0.9769	0.0015	-0.0517	0.0318	58.4
220	0	N/A	46.4	50.6	0	0	47.8	0.9682	0.0024	-0.06	0.0422	48.5
230	46.29	1.79%	37	40.6	0	14	43.43	0.9442	0.0042	-0.0849	0.0675	38.8
240	0	N/A	27.7	30.9	0	0	38.79	0.9023	0.0072	-0.1149	0.1044	29.3
250	24.7	1.21%	20.1	22.3	0	38	40.1	0.7917	0.0116	-0.1921	0.1746	21.2
260	12.77	0.50%	12.4	14.7	7	46	33.32	0.6723	0.0177	-0.2004	0.2203	12.77
270	7.1	2.09%	6.5	7.3	106	243	32.51	0.4792	0.02	-0.2136	0.2433	7.1
280	3.1	4.30%	3	3.5	0	988	31.11	0.2844	0.0178	-0.173	0.2072	3.25
290	1.1	7.25%	1.15	1.4	9	304	30.5	0.1386	0.0118	-0.1101	0.1351	1.27
300	0.5	10.71%	0.4	0.6	7	376	31.19	0.0621	0.0064	-0.0622	0.0748	0.5
310	0.22	14.30%	0.1	0.4	0	87	33.55	0.032	0.0035	-0.0391	0.0439	0.25
320	0.2	17.97%	0.05	0.35	0	15	38.12	0.0235	0.0024	-0.0344	0.034	0.2
330	0.15	21.64%	0	0.3	0	4	41.81	0.0168	0.0016	-0.0283	0.0255	0.15
340	0.25	25.36%	0	0.25	0	2	45.73	0.0132	0.0012	-0.0251	0.0208	0.13
350	0	N/A	0	0.25	0	0	50.46	0.0121	0.001	-0.0257	0.0193	0.13
360	0	N/A	0	0.25	0	0	55	0.0112	0.0009	-0.0263	0.0181	0.13
370	0	N/A	0	0.95	0	0	71.64	0.0296	0.0015	-0.078	0.0412	0.48
380	0.13	40.05%	0	0.95	0	3	76.44	0.0281	0.0014	-0.0795	0.0394	0.48
390	0	N/A	0	1.35	0	0	85.79	0.0348	0.0015	-0.1065	0.047	0.67
400	0	N/A	0	1.35	0	0	90.42	0.0333	0.0013	-0.1083	0.0454	0.68
410	0.05	51.08%	0	1	0	3	90.53	0.0255	0.0011	-0.0869	0.0364	0.5
420	0	N/A	0	0.95	0	0	93.99	0.0236	0.001	-0.0846	0.0341	0.47
430	0	N/A	0	1.35	0	0	103.39	0.0299	0.0011	-0.113	0.0414	0.68

Puts

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
175	0.21	-35.45%	0	0.6	0	10	89.88	-0.0144	0.0007	-0.0528	0.0224	0.3
180	0	N/A	0	0.25	0	0	74.98	-0.0078	0.0005	-0.0258	0.0131	0.13
185	0	N/A	0	0.25	0	0	70.34	-0.0083	0.0005	-0.0255	0.0139	0.12
190	0	N/A	0	0.25	0	0	65.81	-0.0088	0.0006	-0.0252	0.0146	0.13
195	0.15	-28.10%	0	0.25	0	4	61.37	-0.0095	0.0007	-0.0249	0.0155	0.13
200	0	N/A	0	0.25	0	0	57.02	-0.0101	0.0008	-0.0246	0.0165	0.13
210	0.15	-22.57%	0	0.3	0	43	49.81	-0.0135	0.0011	-0.0276	0.0212	0.15
220	0.1	-18.91%	0.15	0.4	0	21	45.6	-0.0251	0.0021	-0.0427	0.0359	0.28
230	0.4	-15.11%	0.4	0.5	1	2661	39.46	-0.0397	0.0036	-0.0539	0.0524	0.4
240	1.1	-11.17%	0.9	1.15	5	159	38.62	-0.0957	0.0072	-0.1043	0.1038	1.1
250	2.3	-7.04%	1.95	2.25	7	171	34.73	-0.1766	0.0122	-0.1425	0.1584	2.1
260	4.35	-2.60%	4	4.6	389	445	32.41	-0.3233	0.0181	-0.183	0.2194	4.35
270	8.9	2.76%	8.1	8.7	8	601	30.58	-0.5241	0.0213	-0.189	0.2431	8.4
280	14.81	8.62%	14.1	15.3	0	132	29.56	-0.7284	0.0185	-0.1486	0.2021	14.7
290	20.8	14.51%	21.1	23.5	0	93	23.48	-0.9308	0.0095	-0.0421	0.0797	22.3
300	0	N/A	31.1	33.7	0	0	32.44	-0.9352	0.0065	-0.0568	0.0759	32.4
310	0	N/A	39.7	44.5	0	0	33.76	-0.9746	0.003	-0.0252	0.0346	42.1
320	0	N/A	49.6	54.4	0	0	0	0	0	0	0	0
330	0	N/A	59.7	64.5	0	0	45.62	-0.9797	0.0018	-0.0284	0.0287	62.1
340	0	N/A	69.7	74.5	0	0	51.16	-0.9812	0.0015	-0.0298	0.0268	72.1
350	0	N/A	79.7	84.5	0	0	56.47	-0.9824	0.0013	-0.0311	0.0253	82.1
360	0	N/A	89.7	94.5	0	0	61.58	-0.9834	0.0011	-0.0323	0.0241	92.1
370	0	N/A	99.7	104.5	0	0	66.51	-0.9841	0.001	-0.0335	0.0231	102.1
380	0	N/A	109.7	114.5	0	0	71.27	-0.9851	0.0009	-0.034	0.0218	112.1
390	0	N/A	119.7	124.5	0	0	75.89	-0.9856	0.0008	-0.0351	0.0212	122.1
400	0	N/A	129.7	134.5	0	0	80.36	-0.9861	0.0007	-0.0361	0.0206	132.1
410	0	N/A	139.7	144.5	0	0	84.69	-0.9878	0.0006	-0.034	0.0181	142.1
420	0	N/A	149.7	154.5	0	0	88.89	-0.9882	0.0006	-0.0347	0.0176	152.1
430	0	N/A	159.7	164.5	0	0	92.97	-0.9885	0.0005	-0.0355	0.0173	162.1