Canadian Imperial Bank of... (CM)
NYSE: CM
· Real-Time Price · USD
73.83
0.00 (0.00%)
At close: Aug 15, 2025, 3:59 PM
74.00
0.22%
After-hours: Aug 15, 2025, 07:29 PM EDT
CM Delta Exposure By Expiry
The total Delta Exposure (DEX) for CM across all expirations shows 904,935.66 net shares that market makers must hedge, with 1,027,562.62 from calls and 122,626.96 from puts. The put-call delta ratio of 0.12 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 416,071.21 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
CM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 421,711.82 | -31,080.12 | 390,631.7 | 0.07 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 47,950.53 | -16,276.84 | 31,673.69 | 0.34 |
| Jan 16, 26 | 485,176.07 | -69,104.86 | 416,071.21 | 0.14 |
| Mar 20, 26 | 2,804 | -1,981.14 | 822.86 | 0.71 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 69,920.2 | -4,184 | 65,736.2 | 0.06 |