Energy Select Sector SPDR... (XLE)
AMEX: XLE
· Real-Time Price · USD
90.38
0.48 (0.53%)
At close: Aug 29, 2025, 3:59 PM
90.22
-0.18%
Pre-market: Sep 02, 2025, 08:58 AM EDT
XLE Delta Exposure By Expiry
The total Delta Exposure (DEX) for XLE across all expirations shows 1,578,262.81 net shares that market makers must hedge, with 27,260,456.72 from calls and 25,682,193.91 from puts. The put-call delta ratio of 0.94 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 3,622,989.99 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 5, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
XLE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 5, 25 | 875,246.86 | -202,144.67 | 673,102.19 | 0.23 |
| Sep 12, 25 | 263,545.62 | -229,316.25 | 34,229.37 | 0.87 |
| Sep 19, 25 | 6,668,256.09 | -3,045,266.1 | 3,622,989.99 | 0.46 |
| Sep 26, 25 | 48,289.59 | -16,448.99 | 31,840.6 | 0.34 |
| Sep 30, 25 | 820,990.92 | -228,788.68 | 592,202.24 | 0.28 |
| Oct 3, 25 | 11,926.55 | -6,442.4 | 5,484.15 | 0.54 |
| Oct 10, 25 | 484.05 | -157.34 | 326.71 | 0.33 |
| Oct 17, 25 | 1,889,313.84 | -739,614.81 | 1,149,699.03 | 0.39 |
| Nov 21, 25 | 596,571.02 | -676,619.82 | -80,048.8 | 1.13 |
| Dec 19, 25 | 3,568,122.76 | -3,416,825.65 | 151,297.11 | 0.96 |
| Dec 31, 25 | 404,978.04 | -193,205.97 | 211,772.07 | 0.48 |
| Jan 16, 26 | 2,805,697.45 | -5,750,974.78 | -2,945,277.33 | 2.05 |
| Feb 20, 26 | 31,898.17 | -255,739.86 | -223,841.69 | 8.02 |
| Mar 20, 26 | 2,663,402.33 | -1,513,232 | 1,150,170.33 | 0.57 |
| Mar 31, 26 | 76,818.7 | -83,111.64 | -6,292.94 | 1.08 |
| Apr 17, 26 | 1,410.51 | -2,068.61 | -658.1 | 1.47 |
| Jun 18, 26 | 1,796,193.17 | -3,280,382.12 | -1,484,188.95 | 1.83 |
| Jun 30, 26 | 34,577.58 | -371,674.41 | -337,096.83 | 10.75 |
| Sep 18, 26 | 620,194.81 | -517,384.95 | 102,809.86 | 0.83 |
| Dec 18, 26 | 543,942.32 | -1,687,067.18 | -1,143,124.86 | 3.10 |