BorgWarner Inc. (BWA)
NYSE: BWA
· Real-Time Price · USD
44.05
0.65 (1.51%)
At close: Sep 26, 2025, 3:59 PM
43.67
-0.86%
After-hours: Sep 26, 2025, 07:57 PM EDT
BWA Delta Exposure By Expiry
The total Delta Exposure (DEX) for BWA across all expirations shows 882,521.88 net shares that market makers must hedge, with 908,919.64 from calls and 26,397.76 from puts. The put-call delta ratio of 0.03 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
BWA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 792,191 | -16,452.75 | 775,738.25 | 0.02 |
| Nov 21, 25 | 983.74 | -477.09 | 506.65 | 0.48 |
| Jan 16, 26 | 87,661.01 | -7,872.18 | 79,788.83 | 0.09 |
| Apr 17, 26 | 15,093.97 | -1,011.41 | 14,082.56 | 0.07 |
| May 15, 26 | 12,989.92 | -584.33 | 12,405.59 | 0.04 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |