(IBB)
NASDAQ: IBB
· Real-Time Price · USD
138.76
1.49 (1.09%)
At close: Aug 15, 2025, 3:59 PM
138.97
0.15%
After-hours: Aug 15, 2025, 07:41 PM EDT
IBB Delta Exposure By Expiry
The total Delta Exposure (DEX) for IBB across all expirations shows 2,016,086.13 net shares that market makers must hedge, with 2,904,909.33 from calls and 888,823.2 from puts. The put-call delta ratio of 0.31 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 900,730.66 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.
IBB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 1,102,763.14 | -273,762.23 | 829,000.91 | 0.25 |
| Oct 17, 25 | 83,912.93 | -69,570.54 | 14,342.39 | 0.83 |
| Nov 21, 25 | 1,038,918.74 | -138,188.08 | 900,730.66 | 0.13 |
| Dec 19, 25 | 140,757.63 | -68,321.1 | 72,436.53 | 0.49 |
| Jan 16, 26 | 475,658.78 | -274,758.16 | 200,900.62 | 0.58 |
| Mar 20, 26 | 20,959.3 | -18,109.06 | 2,850.24 | 0.86 |
| Dec 18, 26 | 3,607.15 | -3,654.05 | -46.9 | 1.01 |
| Jan 15, 27 | 34,799.76 | -30,732.45 | 4,067.31 | 0.88 |
| Dec 17, 27 | 3,531.9 | -11,727.53 | -8,195.63 | 3.32 |