(BITO)
AMEX: BITO
· Real-Time Price · USD
20.36
-0.74 (-3.51%)
At close: Aug 25, 2025, 11:30 AM
BITO Delta Exposure By Expiry
The total Delta Exposure (DEX) for BITO across all expirations shows -424,371.54 net shares that market makers must hedge, with 1,040,550.55 from calls and 1,464,922.09 from puts. The put-call delta ratio of 1.41 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 30, 25 with -157,012.59 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 29, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
BITO DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 61,567.47 | -84,610.04 | -23,042.57 | 1.37 |
| Sep 5, 25 | 21,472.54 | -21,126.46 | 346.08 | 0.98 |
| Sep 12, 25 | 11,994.27 | -8,352.12 | 3,642.15 | 0.70 |
| Sep 19, 25 | 114,101.7 | -106,992.74 | 7,108.96 | 0.94 |
| Sep 26, 25 | 4,093.61 | -6,083.72 | -1,990.11 | 1.49 |
| Sep 30, 25 | 103,831.6 | -260,844.19 | -157,012.59 | 2.51 |
| Oct 3, 25 | 0 | -15.99 | -15.99 | n/a |
| Oct 17, 25 | 4,272.52 | -4,058.52 | 214 | 0.95 |
| Dec 19, 25 | 34,147.77 | -71,682.22 | -37,534.45 | 2.10 |
| Dec 31, 25 | 42,013.25 | -51,537.52 | -9,524.27 | 1.23 |
| Jan 16, 26 | 410,282.09 | -565,229.64 | -154,947.55 | 1.38 |
| Mar 20, 26 | 1,214.4 | -6,749.13 | -5,534.73 | 5.56 |
| Mar 31, 26 | 7,137.03 | -50,258.06 | -43,121.03 | 7.04 |
| Jun 30, 26 | 1,674.72 | -2,236.16 | -561.44 | 1.34 |
| Jan 15, 27 | 222,747.58 | -225,145.58 | -2,398 | 1.01 |