Sap Se (SAP)
NYSE: SAP
· Real-Time Price · USD
270.63
-1.28 (-0.47%)
At close: Oct 03, 2025, 3:59 PM
271.02
0.14%
After-hours: Oct 03, 2025, 07:32 PM EDT
SAP Delta Exposure By Expiry
The total Delta Exposure (DEX) for SAP across all expirations shows -135,379.64 net shares that market makers must hedge, with 1,112,967.66 from calls and 1,248,347.3 from puts. The put-call delta ratio of 1.12 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 |
|---|---|---|---|---|
| Oct 17, 25 | 384,193.12 | -248,574.87 | 135,618.25 | 0.65 |
| Nov 21, 25 | 17,432.96 | -22,547.42 | -5,114.46 | 1.29 |
| Dec 19, 25 | 196,967.35 | -271,840.88 | -74,873.53 | 1.38 |
| Jan 16, 26 | 105,110.16 | -411,374.93 | -306,264.77 | 3.91 |
| Mar 20, 26 | 111,509.74 | -78,374.51 | 33,135.23 | 0.70 |
| Jun 18, 26 | 133,389.29 | -146,316.68 | -12,927.39 | 1.10 |
| Sep 18, 26 | 38,114.46 | -28,223.48 | 9,890.98 | 0.74 |
| Jan 15, 27 | 122,840.06 | -39,894.49 | 82,945.57 | 0.32 |
| Jan 21, 28 | 3,410.52 | -1,200.04 | 2,210.48 | 0.35 |