SAPH - SAP SE ADRhedged
SAPH provides exposure to currency-hedged depositary receipt for Americans interested in investing in SAP SE. Investing in the ADR or original shares directly exposes investors currency fluctuations, which impacts returns. ADRhedged products aim to provide a slightly different approach to international investing by focusing on a single international stock and hedging the specific currency risk.
As of May 15, 2026: spot at $31.85, ATM IV 48.9%, net GEX $0.
- Sector
- Technology
- Industry
- Asset Management
- Market Cap
- $301,250
- Beta
- 0.44
- 52-Week Range
- 29.9-57.68
- Dividend Yield
- $0.24
- IPO Date
- Jan 7, 2025
- Exchange
- AMEX
What SAPH Looks Like to Options Traders Today
positive net gamma exposure ($0) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.068) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The SAPH overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked SAPH overview questions
- What is SAPH?
- SAPH is the ticker symbol for SAP SE ADRhedged, an listed exchange-traded fund. SAPH provides exposure to currency-hedged depositary receipt for Americans interested in investing in SAP SE. Investing in the ADR or original shares directly exposes investors currency fluctuations, which impacts returns. Listed on AMEX. SAPH is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the SAPH options snapshot look like today?
- As of May 15, 2026, the SAPH options snapshot shows spot at $31.85, ATM IV 48.9%, net GEX $0, expected move 14.02%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are SAPH's key statistics?
- SAP SE ADRhedged (SAPH) carries a market capitalization of $301,250, 52-week range of 29.9-57.68. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does SAPH belong to?
- SAP SE ADRhedged operates in the Technology sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare SAPH's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the SAPH data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.