SAP / SAP SE - Depositary Receipt (Common Stock) - Put/Call Ratio, Options Sentiment, Unusual Options Activity

SAP SE - Depositary Receipt (Common Stock)
US ˙ NYSE

Put/Call Ratios - Forward Looking and Historical

The OI Put/Call Ratio for SAP / SAP SE - Depositary Receipt (Common Stock) is 1.38. The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment.

Update Frequency: Daily

See top companies with the most optimistic put/call ratios.

1.38
426 out of 4,082
By looking at the put/call ratios of specific expirations, we can deduce what the options markets think of the short, medium, and long-term outlook of the company.
SAP / SAP SE - Depositary Receipt (Common Stock) Put/Call Ratio by Expiry
Expiry DTX Open Put
Interest
Open Call
Interest
Put/Call
Ratio
2025-09-19 14 10,823
2025-10-17 42 566
2025-12-19 105 3,526
2026-01-16 133 1,800
2026-03-20 196 297
2026-06-18 286 1,174
2026-09-18 378 79
2027-01-15 497 293
SAP / SAP SE - Depositary Receipt (Common Stock) Put/Call Ratio
Date Put OI Put OI
(OTM)
Call OI Call OI
(OTM)
Put/Call
Ratio
Put/Call
Ratio (OTM)
2025-09-04 18,558 12,709
2025-09-03 18,374 12,543
2025-09-02 18,137 10,050
2025-08-29 18,069 12,207
2025-08-28 17,745 11,921
2025-08-27 17,331 11,603
2025-08-26 17,117 11,450
2025-08-25 17,068 11,392
2025-08-22 17,090 11,403
2025-08-21 17,229 11,370
2025-08-20 17,243 11,303
2025-08-19 17,232 11,098
2025-08-18 17,140 10,978
2025-08-15 22,551 16,741
2025-08-14 22,484 16,550
2025-08-13 22,606 16,548
2025-08-12 18,343 7,459
2025-08-11 18,832 12,054
2025-08-08 18,748 14,391
2025-08-07 17,561 13,362
Unusual Options Activity - Trade Volume

The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call option options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment.

Unusual options activity (UOA) is generally considered a strong signal for a directional price movement. One metric of unusual options activity is the total volume of put or call options divided by the open interest in the same option type. If the total volume of call or put options exceeds the current open interest, then that is considered unusual and indicates a strong directional signal. In the table below, any date on which the volume of an option exceeds the current open interest is highlighted in green (for call options) or red (for put options).

For example, if, on any trading day, the call volume exceeds the current call open interest, then the Call Volume/Call OI ratio will be greater than one and that cell in the able will be highlighted in green. This would indicate a significant purchase of call options, which is a bullish signal. Likewise, if the opposite is true - the put volume exceeds the put open interest, then the table cell would be highlighted in red and represent a strong bearish signal.

Update Frequency: Daily

SAP / SAP SE - Depositary Receipt (Common Stock) Call Options Volume SAP / SAP SE - Depositary Receipt (Common Stock) Put Options Volume
Date Put
Volume
Put
OI
Put Volume
/Put OI
Call
Volume
Call
OI
Call Volume
/Call OI
2025-09-04 4,553 18,558 551 13,399
2025-09-03 347 18,374 286 13,340
2025-09-02 611 18,137 549 13,076
2025-08-29 176 18,069 481 12,811
2025-08-28 625 17,745 236 12,765
2025-08-27 558 17,331 457 12,562
2025-08-26 351 17,117 232 12,522
2025-08-25 156 17,068 215 12,475
2025-08-22 119 17,090 462 12,425
2025-08-21 117 17,229 536 12,093
2025-08-20 374 17,243 371 11,888
2025-08-19 462 17,232 300 11,787
2025-08-18 336 17,140 450 11,584
2025-08-15 1,056 22,551 1,581 18,799
2025-08-14 1,130 22,484 453 18,537
2025-08-13 376 22,606 685 18,203
2025-08-12 8,130 18,343 1,804 17,844
2025-08-11 1,475 18,832 523 17,620
2025-08-08 162 18,748 242 17,576
2025-08-07 2,394 17,561 505 17,618
2025-08-06 358 17,466 745 17,879
2025-08-05 478 17,372 1,937 16,179
2025-08-04 343 17,225 539 16,048
2025-08-01 913 16,958 558 15,883
2025-07-31 362 16,879 487 15,882
Source: CBOE
Option Premium Bought/Sold - Total Market

Update Frequency: Daily

Date Put
Premium Bought
Put
Premium Sold
Net Put
Premium Bought
Call
Premium Bought
Call
Premium Sold
Net Call
Premium Bought
Net Long
Premium Bought
2025-09-04 198,515 361,818 -163,303 165,047 166,690 -1,643 161,660
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
2025-08-07
Source: CBOE
Option Greeks - Delta, Gamma, Theta

Update Frequency: Daily

Date Put Θ
(Avg)
Call Θ
(Avg)
Θ
(Avg)
Put Γ
(Avg)
Call Γ
(Avg)
Γ
(Avg)
Put Δ
(Avg)
Call Δ
(Avg)
Δ
(Avg)
2025-09-04
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
2025-08-07
Option Trading Volume - Total Market

Update Frequency: Daily

Date Put
Volume
Put Volume
(20d ma)
Put
Volume/20ma (%)
Call
Volume
Call Volume
(20d ma)
Call
Volume/20ma (%)
Total Volume Put/Call
Volume
Put/Call
Volume (20d ma)
2025-09-04 4,553 915 497.60 551 618 89.16 5,104 8.26 1.48
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
2025-08-07
Source: CBOE
Option Trading Volume - Exchange

Update Frequency: Daily

Date CBOE C2 EDGX BZX PHLX NASDAQ BX GEMX ISE MRX AMEX ARCA MIAX PEARL EMLD BOX Total
2025-09-04 35 17 5 14 82 110 20 18 46 0 26 536 10 8 15 4,099 5,104
2025-09-03 41 23 22 16 99 57 3 1 79 8 41 61 23 17 6 17 633
2025-09-02 170 12 13 15 269 84 12 7 75 13 43 125 98 21 19 55 1,160
2025-08-29 40 4 18 11 46 14 11 30 52 9 35 281 28 20 11 25 657
2025-08-28 40 3 67 0 54 39 0 3 27 4 25 452 22 1 16 13 861
2025-08-27 49 5 43 27 47 125 9 16 55 25 74 218 40 49 35 64 1,015
2025-08-26 96 5 74 8 79 16 3 0 52 2 15 109 0 11 0 17 583
2025-08-25 22 2 34 2 33 16 3 7 153 0 3 26 13 9 21 15 371
2025-08-22 47 62 29 9 52 15 2 9 46 1 5 142 37 1 14 44 581
2025-08-21 30 4 50 17 54 21 3 3 46 13 25 71 34 3 8 229 653
2025-08-20 41 22 70 3 82 85 4 8 157 6 29 69 36 6 2 86 745
2025-08-19 39 10 43 12 34 99 3 1 48 205 34 161 24 1 15 9 762
2025-08-18 124 19 19 22 27 23 0 6 118 16 16 239 36 13 13 38 786
2025-08-15 166 38 165 342 94 153 3 27 156 3 64 1,041 15 136 41 90 2,637
2025-08-14 681 17 24 10 101 70 7 8 74 16 30 249 28 50 9 152 1,583
2025-08-13 27 46 23 27 114 36 1 11 92 6 29 497 20 2 6 65 1,061
2025-08-12 250 139 308 360 5,820 337 84 54 861 61 208 701 166 38 74 245 9,934
2025-08-11 43 14 38 2 541 13 0 9 347 3 22 147 28 3 6 752 1,998
2025-08-08 30 21 7 2 12 65 0 1 24 4 24 103 8 7 0 15 404
2025-08-07 102 88 59 76 154 354 4 39 266 68 92 588 130 61 29 663 2,899
Source: CBOE
Other Listings
MX:SAP N
DE:SAPA €234.00
GB:0A2W
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