JPMorgan Nasdaq Equity Pr... (JEPQ)
NASDAQ: JEPQ
· Real-Time Price · USD
55.67
0.73 (1.33%)
At close: Aug 22, 2025, 3:59 PM
55.70
0.05%
After-hours: Aug 22, 2025, 07:57 PM EDT
JEPQ Delta Exposure By Expiry
The total Delta Exposure (DEX) for JEPQ across all expirations shows 146,196.47 net shares that market makers must hedge, with 539,483.19 from calls and 393,286.72 from puts. The put-call delta ratio of 0.73 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 104,490.54 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.
JEPQ DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 157,733.68 | -212,890.95 | -55,157.27 | 1.35 |
| Oct 17, 25 | 9,193.24 | -8,192.88 | 1,000.36 | 0.89 |
| Nov 21, 25 | 142,925.16 | -98,155.63 | 44,769.53 | 0.69 |
| Jan 16, 26 | 141,384.43 | -36,893.89 | 104,490.54 | 0.26 |
| Feb 20, 26 | 20,030.5 | -5,194.59 | 14,835.91 | 0.26 |
| Jun 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 68,216.18 | -31,958.78 | 36,257.4 | 0.47 |