Direxion Daily S&P 500 Be... (SPXS)
AMEX: SPXS
· Real-Time Price · USD
4.20
-0.20 (-4.55%)
At close: Aug 22, 2025, 3:59 PM
4.18
-0.36%
After-hours: Aug 22, 2025, 07:57 PM EDT
SPXS Delta Exposure By Expiry
The total Delta Exposure (DEX) for SPXS across all expirations shows 54,397.71 net shares that market makers must hedge, with 332,647.9 from calls and 278,250.19 from puts. The put-call delta ratio of 0.84 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with -123,414.45 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
SPXS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 39,742.08 | -5,748.49 | 33,993.59 | 0.14 |
| Sep 5, 25 | 5,519.99 | -1,097.64 | 4,422.35 | 0.20 |
| Sep 12, 25 | 3,196.47 | -2,296.39 | 900.08 | 0.72 |
| Sep 19, 25 | 21,613.7 | -8,065.87 | 13,547.83 | 0.37 |
| Sep 26, 25 | 3,893.38 | -647.47 | 3,245.91 | 0.17 |
| Oct 3, 25 | 46.38 | 0 | 46.38 | 0.00 |
| Oct 17, 25 | 99,934.33 | -12,993.79 | 86,940.54 | 0.13 |
| Jan 16, 26 | 87,433.52 | -210,847.97 | -123,414.45 | 2.41 |
| Apr 17, 26 | 2,885.39 | -362.16 | 2,523.23 | 0.13 |
| Jan 15, 27 | 68,382.66 | -36,190.41 | 32,192.25 | 0.53 |