Direxion Daily S&P 500 Bu... (SPXL)
AMEX: SPXL
· Real-Time Price · USD
193.67
8.43 (4.55%)
At close: Aug 22, 2025, 3:59 PM
194.00
0.17%
After-hours: Aug 22, 2025, 07:57 PM EDT
SPXL Delta Exposure By Expiry
The total Delta Exposure (DEX) for SPXL across all expirations shows 3,662,404.98 net shares that market makers must hedge, with 4,686,854.79 from calls and 1,024,449.81 from puts. The put-call delta ratio of 0.22 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 1,652,306.08 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
SPXL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 158,390.46 | -113,488.08 | 44,902.38 | 0.72 |
| Sep 5, 25 | 41,202.32 | -39,557.86 | 1,644.46 | 0.96 |
| Sep 12, 25 | 20,718.98 | -11,477.19 | 9,241.79 | 0.55 |
| Sep 19, 25 | 140,823.58 | -87,260.4 | 53,563.18 | 0.62 |
| Sep 26, 25 | 23,504.24 | -13,090.64 | 10,413.6 | 0.56 |
| Oct 3, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 835,638.19 | -272,019.97 | 563,618.22 | 0.33 |
| Jan 16, 26 | 1,948,603.67 | -296,297.59 | 1,652,306.08 | 0.15 |
| Apr 17, 26 | 3,550.36 | -4,561.49 | -1,011.13 | 1.28 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 1,514,422.99 | -186,696.59 | 1,327,726.4 | 0.12 |