Sap Se (SAP)
Sap Se Max Pain By Strike
SAP trades at $264.17, pinned near the near-term max pain of $260 expiring Oct 17, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($190-$300), signaling increased put positioning or downside protection. Key magnetic zone at 270 where 3 expirations converge.
Sap Se Max Pain By Expiry
Max pain for SAP shows a downward trend from 300 to 190, indicating bearish sentiment or hedging activity. The 41% spread signals divergent expectations across timeframes. Levels distributed around 264.17. Strong magnetic level at 270 (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 |
|---|---|---|
| Oct 17, 2025 | 260 | n/a (n/a) |
| Nov 21, 2025 | 270 | n/a (n/a) |
| Dec 19, 2025 | 270 | n/a (n/a) |
| Jan 16, 2026 | 300 | n/a (n/a) |
| Mar 20, 2026 | 260 | n/a (n/a) |
| Jun 18, 2026 | 290 | n/a (n/a) |
| Sep 18, 2026 | 290 | n/a (n/a) |
| Jan 15, 2027 | 270 | n/a (n/a) |
| Jan 21, 2028 | 190 | n/a (n/a) |