Bitcoin Depot Inc. (BTM)
NASDAQ: BTM
· Real-Time Price · USD
4.07
-0.04 (-0.97%)
At close: Aug 15, 2025, 3:59 PM
4.09
0.62%
After-hours: Aug 15, 2025, 07:55 PM EDT
BTM Delta Exposure By Expiry
The total Delta Exposure (DEX) for BTM across all expirations shows 13,629.43 net shares that market makers must hedge, with 16,902.47 from calls and 3,273.04 from puts. The put-call delta ratio of 0.19 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 15, 27 with 7,927.5 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
BTM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 2,186.5 | -2,426.55 | -240.05 | 1.11 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 4,022.47 | -235.77 | 3,786.7 | 0.06 |
| Jan 16, 26 | 2,100.98 | -116.12 | 1,984.86 | 0.06 |
| Mar 20, 26 | 306.39 | -135.97 | 170.42 | 0.44 |
| Jan 15, 27 | 8,286.13 | -358.63 | 7,927.5 | 0.04 |