Sap Se (SAP)
Sap Se Max Pain By Strike
SAP trades at $276.11, 4.8% below the near-term max pain of $290 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($145-$350), signaling increased put positioning or downside protection. Key magnetic zone at 270 where 2 expirations converge.
Sap Se Max Pain By Expiry
Max pain for SAP shows a downward trend from 350 to 145, indicating bearish sentiment or hedging activity. The 75% spread signals divergent expectations across timeframes. Levels distributed around 276.11. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 290 | 13.89 (5.03%) |
| Oct 17, 2025 | 280 | 3.89 (1.41%) |
| Dec 19, 2025 | 270 | -6.11 (-2.21%) |
| Jan 16, 2026 | 300 | 23.89 (8.65%) |
| Mar 20, 2026 | 270 | -6.11 (-2.21%) |
| Jun 18, 2026 | 350 | 73.89 (26.76%) |
| Sep 18, 2026 | 145 | -131.11 (-47.48%) |
| Jan 15, 2027 | 280 | 3.89 (1.41%) |