# SAP AG (SAP) Option Chains > SAP option chain: calls and puts by expiration with bid, ask, last and theoretical price, volume, open interest, implied volatility and Greeks. Data as of Nov 10, 2026 (end of day). ## SAP quote | Field | Value | |---|---| | Last | 233.74 | | Change | -3.68 | | Open | 236.41 | | Previous | 237.42 | | High | 236.64 | | Low | 231.79 | | Bid | - | | Ask | - | | Volume | 2,111,985 | | Trades | - | | Dividend | - | | Yield | - | | Ex-Div | - | | Split Date | Jun 27, 2000 | | Impl Vol | 34.8% | | Hist Vol | 34.9% | | Opt Volume | 3,365 | | Open Int | 75,956 | Calls and puts, near-the-money strikes, expirations through the end of the second month out. Stock price: 233.74. All expirations: 2026-11-13, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-03-19, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 2028-06-16, 2028-12-15, 2029-01-19. **Price** is the last trade, **TPrice** the theoretical value (Black-Scholes on historical volatility), **IVol** the implied volatility. **NS** is the contract type: S standard, W weekly, Q quarterly, FR fixed return, NS non-standard (adjusted). A contract's daily price history: `/quotes/option-prices.md?optsym=`. Change the view with query parameters: `expirations` (1, 2, 3, 6, 9 or -1 for all), `expiry` (YYYY-MM-DD, one expiration), `range` (ntm, otm, itm, all), `putcall` (C, P), `strike` (one strike across expirations), `date` (an earlier session, subscribers). Example: `/quotes/stock-option-chains/SAP.md?expirations=-1&range=all`. ## Expires Nov 13, 2026 ### Calls | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 230.00 | SAP 261113C00230000 | 5.30 | 6.90 | 14.96 | 4.73 | 0 | 3 | 47.12% | 0.6551 | -0.6133 | 0.0781 | 0.0369 | 0.0121 | W | | 232.50 | SAP 261113C00232500 | 3.80 | 5.00 | 5.84 | 3.09 | 1 | 6 | 44.44% | 0.5605 | -0.6191 | 0.0836 | 0.0419 | 0.0104 | W | | 235.00 | SAP 261113C00235000 | 2.20 | 4.20 | 2.91 | 1.85 | 2 | 15 | 41.34% | 0.4504 | -0.5780 | 0.0839 | 0.0452 | 0.0084 | W | | 237.50 | SAP 261113C00237500 | 1.35 | 3.20 | 4.70 | 1.01 | 0 | 153 | 45.39% | 0.3567 | -0.5979 | 0.0790 | 0.0388 | 0.0067 | W | | 240.00 | SAP 261113C00240000 | 0.55 | 1.50 | 3.20 | 0.49 | 0 | 61 | 37.78% | 0.2253 | -0.4005 | 0.0636 | 0.0375 | 0.0042 | W | ### Puts | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 227.50 | SAP 261113P00227500 | 0.70 | 1.35 | 1.11 | 0.45 | 6 | 3 | 40.10% | -0.2228 | -0.4224 | 0.0632 | 0.0351 | -0.0044 | W | | 230.00 | SAP 261113P00230000 | 1.15 | 1.90 | 1.65 | 0.96 | 1,288 | 14 | 37.87% | -0.3131 | -0.4739 | 0.0751 | 0.0441 | -0.0062 | W | | 232.50 | SAP 261113P00232500 | 1.95 | 3.20 | 3.14 | 1.82 | 2 | 41 | 44.21% | -0.4393 | -0.6156 | 0.0836 | 0.0421 | -0.0087 | W | | 235.00 | SAP 261113P00235000 | 3.00 | 4.10 | 3.43 | 3.08 | 1 | 21 | 32.50% | -0.5666 | -0.4514 | 0.0834 | 0.0571 | -0.0112 | W | | 237.50 | SAP 261113P00237500 | 4.30 | 5.60 | 4.85 | 4.74 | 2 | 40 | 29.81% | -0.7180 | -0.3554 | 0.0716 | 0.0535 | -0.0142 | W | | 240.00 | SAP 261113P00240000 | 5.00 | 7.60 | 8.12 | 6.72 | 0 | 5 | 15.63% | -0.9684 | -0.0390 | 0.0151 | 0.0214 | -0.0191 | W | ## Expires Nov 20, 2026 ### Calls | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 227.50 | SAP 261120C00227500 | 9.20 | 10.50 | 8.10 | 9.13 | 0 | 16 | 40.96% | 0.6677 | -0.2882 | 0.1405 | 0.0229 | 0.0401 | S | | 230.00 | SAP 261120C00230000 | 7.70 | 8.50 | 9.10 | 7.49 | 0 | 625 | 39.47% | 0.6103 | -0.2934 | 0.1484 | 0.0251 | 0.0369 | S | | 232.50 | SAP 261120C00232500 | 6.30 | 7.00 | 6.70 | 6.04 | 2 | 20 | 39.35% | 0.5457 | -0.3021 | 0.1533 | 0.0260 | 0.0331 | S | | 235.00 | SAP 261120C00235000 | 5.00 | 5.50 | 5.30 | 4.77 | 15 | 61 | 38.17% | 0.4789 | -0.2944 | 0.1541 | 0.0270 | 0.0292 | S | | 237.50 | SAP 261120C00237500 | 3.90 | 4.50 | 4.20 | 3.70 | 106 | 120 | 37.85% | 0.4118 | -0.2852 | 0.1506 | 0.0266 | 0.0252 | S | | 240.00 | SAP 261120C00240000 | 3.00 | 3.60 | 3.20 | 2.82 | 50 | 693 | 37.08% | 0.3448 | -0.2644 | 0.1425 | 0.0257 | 0.0212 | S | ### Puts | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 227.50 | SAP 261120P00227500 | 2.70 | 3.10 | 3.00 | 2.36 | 139 | 96 | 36.62% | -0.3166 | -0.2520 | 0.1377 | 0.0251 | -0.0211 | S | | 230.00 | SAP 261120P00230000 | 3.60 | 4.10 | 3.90 | 3.21 | 3 | 250 | 36.41% | -0.3828 | -0.2686 | 0.1476 | 0.0271 | -0.0256 | S | | 232.50 | SAP 261120P00232500 | 4.60 | 5.20 | 5.00 | 4.25 | 17 | 150 | 36.39% | -0.4527 | -0.2786 | 0.1533 | 0.0281 | -0.0304 | S | | 235.00 | SAP 261120P00235000 | 3.80 | 6.30 | 5.25 | 5.48 | 1 | 254 | 29.70% | -0.5336 | -0.2280 | 0.1538 | 0.0346 | -0.0356 | S | | 237.50 | SAP 261120P00237500 | 6.00 | 7.70 | 8.00 | 6.90 | 86 | 137 | 30.46% | -0.6144 | -0.2249 | 0.1480 | 0.0325 | -0.0412 | S | | 240.00 | SAP 261120P00240000 | 8.50 | 9.50 | 6.98 | 8.51 | 0 | 594 | 33.87% | -0.6711 | -0.2365 | 0.1399 | 0.0276 | -0.0454 | S | ## Expires Nov 27, 2026 ### Calls | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 220.00 | SAP 261127C00220000 | 14.50 | 18.50 | 18.90 | 16.94 | 0 | 7 | 39.73% | 0.7736 | -0.1785 | 0.1519 | 0.0150 | 0.0765 | W | | 225.00 | SAP 261127C00225000 | 10.40 | 13.90 | 19.70 | 13.12 | 0 | 2 | 34.98% | 0.7067 | -0.1795 | 0.1736 | 0.0195 | 0.0713 | W | | 230.00 | SAP 261127C00230000 | 7.90 | 10.60 | 15.30 | 9.81 | 0 | 2 | 36.15% | 0.5975 | -0.2083 | 0.1952 | 0.0212 | 0.0607 | W | | 235.00 | SAP 261127C00235000 | 5.50 | 7.90 | 12.25 | 7.05 | 0 | 1 | 36.20% | 0.4886 | -0.2148 | 0.2012 | 0.0218 | 0.0501 | W | | 240.00 | SAP 261127C00240000 | 2.45 | 5.70 | 4.00 | 4.87 | 1 | 3 | 32.67% | 0.3675 | -0.1830 | 0.1901 | 0.0229 | 0.0381 | W | | 245.00 | SAP 261127C00245000 | 1.20 | 4.20 | 4.31 | 3.23 | 0 | 11 | 33.57% | 0.2703 | -0.1650 | 0.1669 | 0.0195 | 0.0282 | W | ### Puts | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 220.00 | SAP 261127P00220000 | 0.35 | 3.50 | 3.20 | 1.57 | 0 | 7 | 42.70% | -0.2406 | -0.1971 | 0.1570 | 0.0145 | -0.0277 | W | | 225.00 | SAP 261127P00225000 | 1.60 | 4.30 | 3.00 | 2.71 | 5 | 14 | 32.71% | -0.2822 | -0.1638 | 0.1705 | 0.0205 | -0.0321 | W | | 230.00 | SAP 261127P00230000 | 3.70 | 6.90 | 4.25 | 4.36 | 2 | 33 | 29.77% | -0.3880 | -0.1688 | 0.1933 | 0.0255 | -0.0442 | W | | 235.00 | SAP 261127P00235000 | 5.90 | 7.90 | 8.20 | 6.57 | 0 | 5 | 31.03% | -0.5182 | -0.1829 | 0.2011 | 0.0255 | -0.0596 | W | | 240.00 | SAP 261127P00240000 | 8.30 | 10.80 | 9.30 | 9.35 | 0 | 0 | 27.66% | -0.6597 | -0.1496 | 0.1849 | 0.0263 | -0.0762 | W | | 245.00 | SAP 261127P00245000 | 11.50 | 14.40 | 12.55 | 12.67 | 2 | 2 | 24.59% | -0.8047 | -0.0996 | 0.1392 | 0.0223 | -0.0935 | W | ## Expires Dec 4, 2026 ### Calls | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 230.00 | SAP 261204C00230000 | 9.20 | 12.00 | 10.25 | 12.19 | 1 | 0 | 34.68% | 0.5902 | -0.1694 | 0.2330 | 0.0187 | 0.0840 | W | | 235.00 | SAP 261204C00235000 | 6.40 | 9.40 | 8.80 | 9.35 | 0 | 14 | 39.22% | 0.4995 | -0.1962 | 0.2392 | 0.0170 | 0.0710 | W | | 240.00 | SAP 261204C00240000 | 4.40 | 7.00 | 9.40 | 6.98 | 0 | 3 | 34.88% | 0.4018 | -0.1691 | 0.2319 | 0.0185 | 0.0580 | W | | 245.00 | SAP 261204C00245000 | 2.85 | 5.40 | 8.50 | 5.08 | 0 | 1 | 35.12% | 0.3173 | -0.1567 | 0.2136 | 0.0169 | 0.0460 | W | ### Puts | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 220.00 | SAP 261204P00220000 | 1.65 | 3.30 | 2.00 | 2.10 | 0 | 18 | 29.20% | -0.1981 | -0.1014 | 0.1668 | 0.0159 | -0.0318 | W | | 225.00 | SAP 261204P00225000 | 2.55 | 5.50 | 3.20 | 3.30 | 0 | 3 | 28.54% | -0.2879 | -0.1213 | 0.2045 | 0.0199 | -0.0464 | W | | 230.00 | SAP 261204P00230000 | 4.20 | 6.60 | 4.53 | 4.93 | 0 | 3 | 26.31% | -0.3916 | -0.1256 | 0.2303 | 0.0244 | -0.0632 | W | | 235.00 | SAP 261204P00235000 | 6.60 | 9.50 | 4.90 | 7.02 | 0 | 1 | 30.97% | -0.5104 | -0.1534 | 0.2391 | 0.0215 | -0.0837 | W | ## Expires Dec 11, 2026 ### Calls | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 235.00 | SAP 261211C00235000 | 7.10 | 10.90 | 9.38 | 11.84 | 0 | 1 | 36.60% | 0.5024 | -0.1615 | 0.2718 | 0.0160 | 0.0918 | W | | 250.00 | SAP 261211C00250000 | 1.80 | 4.90 | 3.90 | 5.42 | 0 | 2 | 35.50% | 0.2758 | -0.1307 | 0.2277 | 0.0138 | 0.0514 | W | | 255.00 | SAP 261211C00255000 | 0.75 | 4.00 | 4.52 | 4.01 | 0 | 4 | 33.15% | 0.1978 | -0.1015 | 0.1894 | 0.0123 | 0.0372 | W | ### Puts | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 210.00 | SAP 261211P00210000 | 0.15 | 3.50 | 1.95 | 0.93 | 0 | 38 | 36.65% | -0.1449 | -0.0917 | 0.1552 | 0.0091 | -0.0304 | W | | 225.00 | SAP 261211P00225000 | 3.30 | 6.60 | 4.50 | 3.56 | 2 | 0 | 30.61% | -0.3175 | -0.1194 | 0.2428 | 0.0171 | -0.0668 | W | | 230.00 | SAP 261211P00230000 | 5.30 | 8.50 | 5.58 | 5.10 | 0 | 3 | 27.19% | -0.4027 | -0.1149 | 0.2637 | 0.0209 | -0.0847 | W | | 235.00 | SAP 261211P00235000 | 7.60 | 10.80 | 7.57 | 7.02 | 0 | 1 | 31.54% | -0.5039 | -0.1372 | 0.2718 | 0.0186 | -0.1079 | W | ## Expires Dec 18, 2026 ### Calls | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 210.00 | SAP 261218C00210000 | 25.80 | 28.10 | 28.90 | 32.99 | 1 | 341 | 39.43% | 0.8186 | -0.1057 | 0.1992 | 0.0089 | 0.1711 | S | | 220.00 | SAP 261218C00220000 | 18.50 | 20.00 | 27.50 | 24.80 | 0 | 607 | 37.62% | 0.7137 | -0.1292 | 0.2569 | 0.0120 | 0.1536 | S | | 230.00 | SAP 261218C00230000 | 11.60 | 13.00 | 13.20 | 17.69 | 44 | 521 | 34.43% | 0.5813 | -0.1351 | 0.2948 | 0.0151 | 0.1286 | S | | 240.00 | SAP 261218C00240000 | 7.40 | 8.00 | 7.60 | 11.93 | 85 | 877 | 34.10% | 0.4282 | -0.1339 | 0.2961 | 0.0153 | 0.0963 | S | | 250.00 | SAP 261218C00250000 | 4.10 | 4.60 | 4.20 | 7.58 | 10 | 512 | 33.21% | 0.2844 | -0.1123 | 0.2559 | 0.0135 | 0.0648 | S | | 260.00 | SAP 261218C00260000 | 2.05 | 2.55 | 2.20 | 4.53 | 3 | 544 | 32.99% | 0.1729 | -0.0839 | 0.1930 | 0.0103 | 0.0398 | S | ### Puts | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 210.00 | SAP 261218P00210000 | 1.90 | 3.60 | 2.10 | 1.05 | 1 | 232 | 34.00% | -0.1504 | -0.0787 | 0.1762 | 0.0091 | -0.0388 | S | | 220.00 | SAP 261218P00220000 | 4.00 | 4.50 | 3.80 | 2.46 | 85 | 333 | 33.00% | -0.2657 | -0.1070 | 0.2474 | 0.0132 | -0.0691 | S | | 230.00 | SAP 261218P00230000 | 7.40 | 7.90 | 7.20 | 4.96 | 3 | 885 | 31.66% | -0.4158 | -0.1216 | 0.2942 | 0.0163 | -0.1092 | S | | 240.00 | SAP 261218P00240000 | 12.50 | 13.00 | 12.30 | 8.81 | 130 | 213 | 30.68% | -0.5847 | -0.1172 | 0.2942 | 0.0169 | -0.1556 | S | | 250.00 | SAP 261218P00250000 | 18.60 | 20.20 | 19.00 | 14.06 | 0 | 188 | 27.71% | -0.7592 | -0.0835 | 0.2351 | 0.0149 | -0.2045 | S | | 260.00 | SAP 261218P00260000 | 26.50 | 28.60 | 54.00 | 20.63 | 0 | 15 | 28.51% | -0.8662 | -0.0587 | 0.1631 | 0.0101 | -0.2395 | S | ## Expires Dec 24, 2026 ### Calls | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 235.00 | SAP 261224C00235000 | 8.90 | 12.80 | 10.88 | 17.31 | 0 | 2 | 35.26% | 0.5090 | -0.1313 | 0.3239 | 0.0139 | 0.1303 | W | ## Expires Jan 15, 2027 ### Calls | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 210.00 | SAP 270115C00210000 | 28.60 | 30.90 | 30.10 | 48.83 | 1 | 422 | 40.42% | 0.7641 | -0.0980 | 0.3072 | 0.0077 | 0.2685 | S | | 220.00 | SAP 270115C00220000 | 21.50 | 23.10 | 25.27 | 40.81 | 0 | 440 | 36.98% | 0.6824 | -0.1029 | 0.3552 | 0.0097 | 0.2480 | S | | 230.00 | SAP 270115C00230000 | 14.50 | 16.30 | 15.35 | 33.33 | 4 | 423 | 33.70% | 0.5773 | -0.1022 | 0.3897 | 0.0117 | 0.2162 | S | | 240.00 | SAP 270115C00240000 | 10.60 | 11.30 | 10.35 | 26.57 | 3 | 700 | 34.20% | 0.4606 | -0.1043 | 0.3950 | 0.0117 | 0.1749 | S | | 250.00 | SAP 270115C00250000 | 6.90 | 7.50 | 7.45 | 20.64 | 2 | 1,187 | 34.19% | 0.3520 | -0.0969 | 0.3692 | 0.0109 | 0.1353 | S | | 260.00 | SAP 270115C00260000 | 4.20 | 4.80 | 4.44 | 15.62 | 11 | 482 | 32.71% | 0.2464 | -0.0783 | 0.3136 | 0.0097 | 0.0961 | S | ### Puts | Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS | |---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---| | 210.00 | SAP 270115P00210000 | 3.60 | 4.10 | 2.68 | 0.78 | 0 | 472 | 32.77% | -0.1986 | -0.0684 | 0.2772 | 0.0086 | -0.0909 | S | | 220.00 | SAP 270115P00220000 | 6.10 | 6.70 | 6.60 | 1.60 | 0 | 254 | 32.19% | -0.3018 | -0.0836 | 0.3468 | 0.0109 | -0.1395 | S | | 230.00 | SAP 270115P00230000 | 9.80 | 10.40 | 10.50 | 2.97 | 0 | 156 | 30.57% | -0.4217 | -0.0884 | 0.3893 | 0.0129 | -0.1965 | S | | 240.00 | SAP 270115P00240000 | 14.80 | 16.00 | 11.95 | 5.04 | 0 | 143 | 30.38% | -0.5525 | -0.0880 | 0.3937 | 0.0131 | -0.2614 | S | | 250.00 | SAP 270115P00250000 | 20.70 | 21.80 | 19.60 | 7.95 | 0 | 22 | 28.25% | -0.6885 | -0.0719 | 0.3523 | 0.0126 | -0.3295 | S | | 260.00 | SAP 270115P00260000 | 27.70 | 29.80 | 24.56 | 11.78 | 0 | 3 | 27.24% | -0.8035 | -0.0529 | 0.2766 | 0.0103 | -0.3916 | S | ## More for SAP - [Quote](https://www.optionistics.com/quotes/stock-quotes/SAP.md) - [Option chain](https://www.optionistics.com/quotes/stock-option-chains/SAP.md) - [Price history](https://www.optionistics.com/quotes/stock-prices/SAP.md) - [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=SAP) - [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/SAP.md) - [Volatility skew](https://www.optionistics.com/screener/volatility-skew/SAP.md) - [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/SAP.md) - [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/SAP.md) --- From [Optionistics](https://www.optionistics.com), options analytics since 2005. 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