(BWX)
AMEX: BWX
· Real-Time Price · USD
23.02
0.26 (1.14%)
At close: Aug 22, 2025, 3:59 PM
22.76
-1.11%
After-hours: Aug 22, 2025, 06:53 PM EDT
BWX Delta Exposure By Expiry
The total Delta Exposure (DEX) for BWX across all expirations shows -6.24 net shares that market makers must hedge, with 2,217.73 from calls and 2,223.97 from puts. The put-call delta ratio of 1.00 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with -1,538.15 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
BWX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 166.65 | 0 | 166.65 | 0.00 |
| Oct 17, 25 | 48.21 | -1,586.36 | -1,538.15 | 32.91 |
| Jan 16, 26 | 778.4 | -465.56 | 312.84 | 0.60 |
| Apr 17, 26 | 1,224.47 | -172.05 | 1,052.42 | 0.14 |