(HODL)
CBOE: HODL
· Real-Time Price · USD
33.07
-0.33 (-0.99%)
At close: Aug 15, 2025, 3:00 PM
HODL Delta Exposure By Expiry
The total Delta Exposure (DEX) for HODL across all expirations shows 688.15 net shares that market makers must hedge, with 759.25 from calls and 71.1 from puts. The put-call delta ratio of 0.09 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Feb 20, 26 with 455.39 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.
HODL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 113.32 | -42.64 | 70.68 | 0.38 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 102.39 | -2.82 | 99.57 | 0.03 |
| Dec 19, 25 | 28.48 | -13.62 | 14.86 | 0.48 |
| Jan 16, 26 | 47.65 | 0 | 47.65 | 0.00 |
| Feb 20, 26 | 467.41 | -12.02 | 455.39 | 0.03 |