Sap Se (SAP)
Sap Se Max Pain By Strike
SAP trades at $278.88, 3.8% below the near-term max pain of $290 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($165-$350), signaling increased put positioning or downside protection. Key magnetic zone at 290 where 3 expirations converge.
Sap Se Max Pain By Expiry
Max pain for SAP shows a downward trend from 350 to 165, indicating bearish sentiment or hedging activity. The 66% spread signals divergent expectations across timeframes. Most levels above 278.88 could support dips. Strong magnetic level at 290 (3 expirations). 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 |
|---|---|---|
| Aug 15, 2025 | 290 | 11.12 (3.99%) |
| Sep 19, 2025 | 290 | 11.12 (3.99%) |
| Oct 17, 2025 | 165 | -113.88 (-40.83%) |
| Dec 19, 2025 | 270 | -8.88 (-3.18%) |
| Jan 16, 2026 | 300 | 21.12 (7.57%) |
| Mar 20, 2026 | 300 | 21.12 (7.57%) |
| Jun 18, 2026 | 350 | 71.12 (25.50%) |
| Jan 15, 2027 | 290 | 11.12 (3.99%) |