Independent Bank Corporat... (IBCP)
NASDAQ: IBCP
· Real-Time Price · USD
30.79
-0.85 (-2.69%)
At close: Aug 15, 2025, 3:59 PM
30.85
0.19%
After-hours: Aug 15, 2025, 04:10 PM EDT
IBCP Delta Exposure By Expiry
The total Delta Exposure (DEX) for IBCP across all expirations shows 154.23 net shares that market makers must hedge, with 659.56 from calls and 505.33 from puts. The put-call delta ratio of 0.77 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with 130.56 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.
IBCP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 21.84 | -11.73 | 10.11 | 0.54 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 624.16 | -493.6 | 130.56 | 0.79 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 13.56 | 0 | 13.56 | 0.00 |