SPDR Portfolio Intermedia... (SPIB)
AMEX: SPIB
· Real-Time Price · USD
33.70
-0.04 (-0.12%)
At close: Aug 25, 2025, 3:59 PM
33.69
-0.01%
After-hours: Aug 25, 2025, 05:05 PM EDT
SPIB Delta Exposure By Expiry
The total Delta Exposure (DEX) for SPIB across all expirations shows 464.04 net shares that market makers must hedge, with 533.6 from calls and 69.56 from puts. The put-call delta ratio of 0.13 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 384.33 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
SPIB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 47.92 | 0 | 47.92 | 0.00 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 437.34 | -53.01 | 384.33 | 0.12 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 48.34 | -16.55 | 31.79 | 0.34 |