United States Natural Gas... (UNG)
AMEX: UNG
· Real-Time Price · USD
12.19
0.22 (1.84%)
At close: Aug 27, 2025, 3:59 PM
12.29
0.82%
Pre-market: Aug 28, 2025, 05:35 AM EDT
UNG Delta Exposure By Expiry
The total Delta Exposure (DEX) for UNG across all expirations shows 124,379.01 net shares that market makers must hedge, with 564,984.38 from calls and 440,605.37 from puts. The put-call delta ratio of 0.78 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 105,817.17 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.
UNG DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 53,684.36 | -32,443.15 | 21,241.21 | 0.60 |
| Sep 3, 25 | 4,073.67 | -1,112.64 | 2,961.03 | 0.27 |
| Sep 5, 25 | 25,060.52 | -40,938.43 | -15,877.91 | 1.63 |
| Sep 10, 25 | 7.2 | -240.18 | -232.98 | 33.36 |
| Sep 12, 25 | 21,289.63 | -17,755.57 | 3,534.06 | 0.83 |
| Sep 19, 25 | 71,439.68 | -119,816.24 | -48,376.56 | 1.68 |
| Sep 26, 25 | 8,428.99 | -12,115.73 | -3,686.74 | 1.44 |
| Oct 3, 25 | 468.98 | -2,131.38 | -1,662.4 | 4.54 |
| Oct 17, 25 | 104,313.26 | -81,179.05 | 23,134.21 | 0.78 |
| Jan 16, 26 | 209,742.5 | -103,925.33 | 105,817.17 | 0.50 |
| Apr 17, 26 | 13,988.18 | -2,360.74 | 11,627.44 | 0.17 |
| Jan 15, 27 | 52,487.41 | -26,586.93 | 25,900.48 | 0.51 |