Banco Bradesco S.A. (BBD)
NYSE: BBD
· Real-Time Price · USD
2.97
0.01 (0.34%)
At close: Aug 15, 2025, 3:59 PM
3.00
1.01%
After-hours: Aug 15, 2025, 07:47 PM EDT
BBD Delta Exposure By Expiry
The total Delta Exposure (DEX) for BBD across all expirations shows 50,067.58 net shares that market makers must hedge, with 142,095.84 from calls and 92,028.26 from puts. The put-call delta ratio of 0.65 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 33,875.81 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.
BBD DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 12,613.82 | -925.2 | 11,688.62 | 0.07 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 3,453.98 | -6,490.15 | -3,036.17 | 1.88 |
| Jan 16, 26 | 82,224.54 | -48,348.73 | 33,875.81 | 0.59 |
| Mar 20, 26 | 715.02 | -21.13 | 693.89 | 0.03 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 43,088.48 | -36,243.05 | 6,845.43 | 0.84 |