Sap Se (SAP)
NYSE: SAP
· Real-Time Price · USD
271.50
1.17 (0.43%)
At close: Sep 09, 2025, 3:59 PM
275.52
1.48%
Pre-market: Sep 10, 2025, 04:23 AM EDT
SAP Delta Exposure By Expiry
The total Delta Exposure (DEX) for SAP across all expirations shows -817,138.39 net shares that market makers must hedge, with 787,702.33 from calls and 1,604,840.72 from puts. The put-call delta ratio of 2.04 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
SAP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 211,171.91 | -973,476.15 | -762,304.24 | 4.61 |
| Oct 17, 25 | 40,072.94 | -38,780.46 | 1,292.48 | 0.97 |
| Dec 19, 25 | 202,523.27 | -184,069.35 | 18,453.92 | 0.91 |
| Jan 16, 26 | 68,515.94 | -214,582.5 | -146,066.56 | 3.13 |
| Mar 20, 26 | 62,523.76 | -25,164.65 | 37,359.11 | 0.40 |
| Jun 18, 26 | 66,218.64 | -132,230.85 | -66,012.21 | 2.00 |
| Sep 18, 26 | 19,305.11 | -9,469.03 | 9,836.08 | 0.49 |
| Jan 15, 27 | 117,370.76 | -27,067.73 | 90,303.03 | 0.23 |