Direxion Daily 20+ Year T... (TMV)
AMEX: TMV
· Real-Time Price · USD
38.23
-0.78 (-2.00%)
At close: Aug 22, 2025, 3:59 PM
38.29
0.16%
After-hours: Aug 22, 2025, 07:49 PM EDT
TMV Delta Exposure By Expiry
The total Delta Exposure (DEX) for TMV across all expirations shows 315,981.4 net shares that market makers must hedge, with 379,434.87 from calls and 63,453.47 from puts. The put-call delta ratio of 0.17 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 126,464.29 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.
TMV DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 47,114.12 | -14,872.46 | 32,241.66 | 0.32 |
| Oct 17, 25 | 33,466.09 | -8,647.59 | 24,818.5 | 0.26 |
| Nov 21, 25 | 73,739.92 | -13,669.15 | 60,070.77 | 0.19 |
| Jan 16, 26 | 146,200.98 | -19,736.69 | 126,464.29 | 0.13 |
| Feb 20, 26 | 78,913.76 | -6,527.58 | 72,386.18 | 0.08 |