SAP SE SAP
$233.45 −$10.08 (-4.14%)
Market closed · Nov 6, 8:20 pm ET · Last extended-hours $230.00 -1.48%
Open$233.48
Prev close$243.53
Day range$232.64 – $236.23
Volume2.40M
Market cap$269.45B
P/E (TTM)30.1
Dividend yield1.22%
Average implied volatility across the listed chain right now: 44%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.
Open interest by strike
Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.
Implied volatility by strike
The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.
Calls
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 13 Nov 2026 | $232.50 | $5.15 | $3.90/$7.40 | 6 | 0 | 44% |
| 13 Nov 2026 | $235.00 | $4.70 | $3.70/$4.70 | 2 | 5 | 42% |
| 13 Nov 2026 | $230.00 | $15.44 | $5.80/$7.50 | 0 | 3 | 40% |
| 13 Nov 2026 | $237.50 | $3.00 | $2.30/$5.00 | 65 | 0 | 46% |
| 13 Nov 2026 | $227.50 | $17.69 | $7.10/$10.70 | 0 | 0 | 46% |
| 13 Nov 2026 | $240.00 | $0.85 | $1.85/$3.50 | 51 | 12 | 45% |
| 13 Nov 2026 | $225.00 | $20.03 | $9.10/$11.40 | 0 | 4 | 42% |
| 13 Nov 2026 | $242.50 | $1.45 | $0.60/$3.30 | 67 | 1 | 44% |
| 13 Nov 2026 | $222.50 | $22.37 | $11.10/$13.60 | 0 | 0 | 44% |
| 13 Nov 2026 | $245.00 | $4.77 | $0.50/$1.55 | 0 | 7 | 39% |
| 13 Nov 2026 | $220.00 | $14.65 | $13.30/$15.80 | 3 | 1 | 45% |
| 13 Nov 2026 | $247.50 | $0.85 | $0.00/$2.20 | 4 | 24 | 42% |
| 13 Nov 2026 | $217.50 | $27.12 | $15.60/$17.90 | 0 | 0 | 46% |
| 13 Nov 2026 | $250.00 | $0.60 | $0.00/$0.95 | 33 | 65 | 42% |
| 13 Nov 2026 | $215.00 | $29.54 | $17.70/$20.60 | 0 | 1 | 49% |
Puts
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 13 Nov 2026 | $232.50 | $4.13 | $3.70/$5.40 | 28 | 4 | 44% |
| 13 Nov 2026 | $235.00 | $5.45 | $4.20/$5.60 | 2 | 11 | 36% |
| 13 Nov 2026 | $230.00 | $3.00 | $2.60/$3.40 | 15 | 5 | 40% |
| 13 Nov 2026 | $237.50 | $7.50 | $5.40/$8.10 | 62 | 73 | 39% |
| 13 Nov 2026 | $227.50 | $1.17 | $0.80/$3.80 | 0 | 2 | 41% |
| 13 Nov 2026 | $240.00 | $8.12 | $7.10/$9.70 | 2 | 3 | 38% |
| 13 Nov 2026 | $225.00 | $1.52 | $1.15/$2.00 | 365 | 1 | 41% |
| 13 Nov 2026 | $242.50 | $10.69 | $9.00/$11.50 | 4 | 2 | 37% |
| 13 Nov 2026 | $222.50 | $0.86 | $0.80/$1.50 | 0 | 0 | 42% |
| 13 Nov 2026 | $245.00 | $5.78 | $11.00/$13.50 | 0 | 0 | 37% |
| 13 Nov 2026 | $220.00 | $0.83 | $0.30/$1.00 | 9 | 19 | 40% |
| 13 Nov 2026 | $247.50 | $7.29 | $13.30/$15.70 | 0 | 0 | 37% |
| 13 Nov 2026 | $217.50 | $0.61 | $0.00/$0.90 | 0 | 0 | 45% |
| 13 Nov 2026 | $250.00 | $8.81 | $14.90/$18.10 | 0 | 0 | 0% |
| 13 Nov 2026 | $215.00 | $0.54 | $0.25/$0.90 | 0 | 6 | 49% |
Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.
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