United States 12 Month Natural Gas Fund LP (UNL) ETF Delta Exposure by Expiration - Options Greeks Analysis - Stocknear

United States 12 Month Na...

AMEX: UNL · Real-Time Price · USD
7.73
-0.09 (-1.15%)
At close: Sep 10, 2025, 3:45 PM

UNL Delta Exposure By Expiry

The total Delta Exposure (DEX) for UNL across all expirations shows 3,201.69 net shares that market makers must hedge, with 4,991.27 from calls and 1,789.58 from puts. The put-call delta ratio of 0.36 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.

UNL DEX Table

Expiry Date Call Delta Put Delta Net Delta P/C Delta
Sep 19, 25 1,955.97 -721.36 1,234.61 0.37
Oct 17, 25 427.32 -2.34 424.98 0.01
Dec 19, 25 1,062.92 -297.13 765.79 0.28
Mar 20, 26 1,545.06 -768.75 776.31 0.50