SPDR S&P Oil & Gas Explor... (XOP)
AMEX: XOP
· Real-Time Price · USD
134.19
1.00 (0.75%)
At close: Oct 06, 2025, 3:59 PM
134.01
-0.13%
After-hours: Oct 06, 2025, 07:53 PM EDT
XOP Delta Exposure By Expiry
The total Delta Exposure (DEX) for XOP across all expirations shows -1,361,544.93 net shares that market makers must hedge, with 5,029,782.65 from calls and 6,391,327.58 from puts. The put-call delta ratio of 1.27 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
XOP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 10, 25 | 171,958.47 | -74,369.73 | 97,588.74 | 0.43 |
| Oct 17, 25 | 940,927.43 | -677,456.16 | 263,471.27 | 0.72 |
| Oct 24, 25 | 33,265.62 | -46,456.08 | -13,190.46 | 1.40 |
| Oct 31, 25 | 53,582.14 | -56,781.32 | -3,199.18 | 1.06 |
| Nov 7, 25 | 13,880.74 | -6,980.78 | 6,899.96 | 0.50 |
| Nov 14, 25 | 2,666.72 | -70.2 | 2,596.52 | 0.03 |
| Nov 21, 25 | 338,775.15 | -346,472.02 | -7,696.87 | 1.02 |
| Dec 19, 25 | 294,222.73 | -410,300.5 | -116,077.77 | 1.39 |
| Jan 16, 26 | 1,754,596.81 | -2,056,404.32 | -301,807.51 | 1.17 |
| Mar 20, 26 | 354,132.63 | -557,009.71 | -202,877.08 | 1.57 |
| Jun 18, 26 | 283,794.51 | -676,198.15 | -392,403.64 | 2.38 |
| Sep 18, 26 | 201,694.88 | -215,474.95 | -13,780.07 | 1.07 |
| Dec 18, 26 | 223,567.42 | -611,703.87 | -388,136.45 | 2.74 |
| Jan 15, 27 | 342,194.87 | -575,536.89 | -233,342.02 | 1.68 |
| Dec 17, 27 | 13,659.18 | -79,209.9 | -65,550.72 | 5.80 |
| Jan 21, 28 | 6,863.35 | -903 | 5,960.35 | 0.13 |