$235 · Sep 25 · 30Δ
$3.95 premium · 24%/yr annualized
$SAP
SAP SE · Technology · $210.2B
▲ +6.16 (+2.91%)
SAP SE · Technology · $210.2B
Regime pinning · moves get faded back to the walls.
Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.
The Read
$SAP is in short gamma at heat 51, amplifying moves rather than damping them. The $155 put wall held yesterday, while the $185 call is untested yesterday. Spot sits 10.7% below the $181 flip, so any push higher could see further gains as dealers add to calls.
Where the market is positioned
Risk-neutral, implied by options pricing. Where the market is positioned, not a forecast.
Talk to the oracle
Free. No login. Real dealer positioning on $SAP, scored over a year of outcomes.
$235 · Sep 25 · 30Δ
$3.95 premium · 24%/yr annualized
$210 · Oct 2 · 30Δ
$5.10 premium · 25%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=26
$220 call wall
held 5 sessions running
$200 call wall
broke 3.1% on 2026-08-07
Free alert
We DM you when the $220 call wall or the $190 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM. Pro gets them live, the instant the wall breaks.
Free alert
We DM you when the $220 call wall or the $190 put wall breaks.
…
Alert set
We'll DM you when the $220 call wall breaks. Rest easy.
Scored Levels
PROImplied vs Measured
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Pro picks the timeframe and skips the queue. Go Pro
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Dealer positioning, scored in public. Methodology + sample sizes always visible.
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