Sap Se (SAP)
Sap Se Max Pain By Strike
SAP trades at $271.13, 6.5% below the near-term max pain of $290 expiring Sep 19, 2025 (11 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($260-$310), 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 310 to 260, indicating bearish sentiment or hedging activity. The 18% spread signals divergent expectations across timeframes. Levels distributed around 271.13. 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 |
|---|---|---|
| Sep 19, 2025 | 290 | 18.87 (6.96%) |
| Oct 17, 2025 | 270 | -1.13 (-0.42%) |
| Dec 19, 2025 | 270 | -1.13 (-0.42%) |
| Jan 16, 2026 | 300 | 28.87 (10.65%) |
| Mar 20, 2026 | 260 | -11.13 (-4.11%) |
| Jun 18, 2026 | 310 | 38.87 (14.34%) |
| Sep 18, 2026 | 300 | 28.87 (10.65%) |
| Jan 15, 2027 | 270 | -1.13 (-0.42%) |