SPDR Nuveen ICE Municipal... (TFI)
AMEX: TFI
· Real-Time Price · USD
44.70
-0.03 (-0.07%)
At close: Aug 28, 2025, 10:29 AM
TFI Delta Exposure By Expiry
The total Delta Exposure (DEX) for TFI across all expirations shows -34.82 net shares that market makers must hedge, with 12.73 from calls and 47.55 from puts. The put-call delta ratio of 3.74 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -34.82 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
TFI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 12.73 | -47.55 | -34.82 | 3.74 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 0 | 0 | 0 | n/a |