Direxion Daily Dow Jones ... (WEBS)
AMEX: WEBS
· Real-Time Price · USD
19.92
-1.15 (-5.46%)
At close: Aug 22, 2025, 3:59 PM
20.31
1.96%
After-hours: Aug 22, 2025, 05:58 PM EDT
WEBS Delta Exposure By Expiry
The total Delta Exposure (DEX) for WEBS across all expirations shows 239.99 net shares that market makers must hedge, with 248.64 from calls and 8.65 from puts. The put-call delta ratio of 0.03 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 212.35 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.
WEBS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 212.35 | 0 | 212.35 | 0.00 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 24.54 | -8.65 | 15.89 | 0.35 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 11.75 | 0 | 11.75 | 0.00 |