Bath & Body Works Inc. (BBWI)
NYSE: BBWI
· Real-Time Price · USD
28.41
-0.30 (-1.04%)
At close: Aug 15, 2025, 11:44 AM
BBWI Delta Exposure By Expiry
The total Delta Exposure (DEX) for BBWI across all expirations shows -18,151.52 net shares that market makers must hedge, with 686,584.53 from calls and 704,736.05 from puts. The put-call delta ratio of 1.03 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 5, 25 with -149,677.72 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 22, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
BBWI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 11,776.18 | -50,172.48 | -38,396.3 | 4.26 |
| Aug 29, 25 | 93,583.56 | -43,843.56 | 49,740 | 0.47 |
| Sep 5, 25 | 41,363.51 | -191,041.23 | -149,677.72 | 4.62 |
| Sep 12, 25 | 70,697.25 | -108,577.53 | -37,880.28 | 1.54 |
| Sep 19, 25 | 171,675.56 | -77,338.2 | 94,337.36 | 0.45 |
| Sep 26, 25 | 442.95 | -212.84 | 230.11 | 0.48 |
| Oct 17, 25 | 1,684.09 | -9,560.59 | -7,876.5 | 5.68 |
| Nov 21, 25 | 146,672.25 | -128,244.47 | 18,427.78 | 0.87 |
| Jan 16, 26 | 82,966.99 | -62,337.58 | 20,629.41 | 0.75 |
| Feb 20, 26 | 4,807.09 | -2,005.61 | 2,801.48 | 0.42 |
| Mar 20, 26 | 7,767.12 | -7,983.45 | -216.33 | 1.03 |
| Jun 18, 26 | 34,347.21 | -17,810.46 | 16,536.75 | 0.52 |
| Jan 15, 27 | 18,800.77 | -5,608.05 | 13,192.72 | 0.30 |