Health Care Select Sector... (XLV)
AMEX: XLV
· Real-Time Price · USD
136.92
-0.64 (-0.47%)
At close: Sep 03, 2025, 3:59 PM
137.08
0.12%
Pre-market: Sep 04, 2025, 07:00 AM EDT
XLV Delta Exposure By Expiry
The total Delta Exposure (DEX) for XLV across all expirations shows 2,876,787.97 net shares that market makers must hedge, with 9,825,508.63 from calls and 6,948,720.66 from puts. The put-call delta ratio of 0.71 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 1,966,217.41 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.
XLV DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 5, 25 | 145,804.96 | -113,287.06 | 32,517.9 | 0.78 |
| Sep 12, 25 | 47,416.38 | -216,564.09 | -169,147.71 | 4.57 |
| Sep 19, 25 | 3,881,921.25 | -1,915,703.84 | 1,966,217.41 | 0.49 |
| Sep 26, 25 | 166,226.07 | -16,598.25 | 149,627.82 | 0.10 |
| Oct 3, 25 | 10,048.39 | -8,056.79 | 1,991.6 | 0.80 |
| Oct 10, 25 | 668.32 | -1,560.65 | -892.33 | 2.34 |
| Oct 17, 25 | 1,071,909.57 | -1,025,515.86 | 46,393.71 | 0.96 |
| Nov 21, 25 | 617,264.98 | -251,614.29 | 365,650.69 | 0.41 |
| Dec 19, 25 | 827,534.36 | -859,728.41 | -32,194.05 | 1.04 |
| Jan 16, 26 | 1,660,730.05 | -1,418,390.82 | 242,339.23 | 0.85 |
| Mar 20, 26 | 377,099.76 | -242,177.15 | 134,922.61 | 0.64 |
| Jun 18, 26 | 301,979.76 | -169,728.02 | 132,251.74 | 0.56 |
| Sep 18, 26 | 10,371.43 | -4,914.85 | 5,456.58 | 0.47 |
| Dec 18, 26 | 1,293.3 | 0 | 1,293.3 | 0.00 |
| Jan 15, 27 | 705,240.05 | -704,880.58 | 359.47 | 1.00 |