(BILS)
AMEX: BILS
· Real-Time Price · USD
99.33
0.04 (0.04%)
At close: Aug 15, 2025, 3:59 PM
99.33
0.01%
After-hours: Aug 15, 2025, 07:49 PM EDT
BILS Delta Exposure By Expiry
The total Delta Exposure (DEX) for BILS across all expirations shows -302.46 net shares that market makers must hedge, with 31.49 from calls and 333.95 from puts. The put-call delta ratio of 10.60 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with -333.95 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
BILS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 31.49 | 0 | 31.49 | 0.00 |
| Jan 16, 26 | 0 | -333.95 | -333.95 | n/a |
| Apr 17, 26 | 0 | 0 | 0 | n/a |