JPMorgan BetaBuilders U.S...

CBOE: BBUS · Real-Time Price · USD
115.48
-0.30 (-0.26%)
At close: Aug 20, 2025, 2:59 PM

BBUS Delta Exposure By Expiry

The total Delta Exposure (DEX) for BBUS across all expirations shows 68.38 net shares that market makers must hedge, with 68.38 from calls and 0 from puts. The put-call delta ratio of 0.00 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Feb 20, 26 with 68.38 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.

BBUS DEX Table

Expiry Date Call Delta Put Delta Net Delta P/C Delta
Sep 19, 25 0 0 0 n/a
Oct 17, 25 0 0 0 n/a
Nov 21, 25 0 0 0 n/a
Feb 20, 26 68.38 0 68.38 0.00
Dec 18, 26 0 0 0 n/a