Anheuser-Busch InBev SA/N... (BUD)
NYSE: BUD
· Real-Time Price · USD
61.41
0.73 (1.20%)
At close: Aug 15, 2025, 3:59 PM
61.48
0.12%
After-hours: Aug 15, 2025, 07:17 PM EDT
BUD Delta Exposure By Expiry
The total Delta Exposure (DEX) for BUD across all expirations shows 891,114.46 net shares that market makers must hedge, with 1,994,789.39 from calls and 1,103,674.93 from puts. The put-call delta ratio of 0.55 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 651,745.89 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
BUD DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 10,292.2 | -7,087.74 | 3,204.46 | 0.69 |
| Aug 29, 25 | 4,273.36 | -3,235.72 | 1,037.64 | 0.76 |
| Sep 5, 25 | 11,076.63 | -1,462.27 | 9,614.36 | 0.13 |
| Sep 12, 25 | 1,810.45 | -3,446 | -1,635.55 | 1.90 |
| Sep 19, 25 | 201,689.39 | -178,229.86 | 23,459.53 | 0.88 |
| Sep 26, 25 | 747.1 | 0 | 747.1 | 0.00 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 132,597.41 | -150,136.55 | -17,539.14 | 1.13 |
| Jan 16, 26 | 1,054,088.42 | -402,342.53 | 651,745.89 | 0.38 |
| Mar 20, 26 | 107,252.36 | -112,664.31 | -5,411.95 | 1.05 |
| Jun 18, 26 | 82,943.59 | -111,162.27 | -28,218.68 | 1.34 |
| Sep 18, 26 | 89,902.57 | -28,154.76 | 61,747.81 | 0.31 |
| Jan 15, 27 | 298,115.91 | -105,752.92 | 192,362.99 | 0.35 |