International Business Ma... (IBM)
NYSE: IBM
· Real-Time Price · USD
259.07
1.55 (0.60%)
At close: Sep 17, 2025, 3:59 PM
259.92
0.33%
After-hours: Sep 17, 2025, 07:59 PM EDT
IBM Delta Exposure By Expiry
The total Delta Exposure (DEX) for IBM across all expirations shows 14,329,489.48 net shares that market makers must hedge, with 22,859,696.06 from calls and 8,530,206.58 from puts. The put-call delta ratio of 0.37 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
IBM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 3,688,377.51 | -1,149,208.7 | 2,539,168.81 | 0.31 |
| Sep 26, 25 | 541,826.19 | -62,528.51 | 479,297.68 | 0.12 |
| Oct 3, 25 | 210,332.14 | -42,182.86 | 168,149.28 | 0.20 |
| Oct 10, 25 | 96,821.86 | -28,173.96 | 68,647.9 | 0.29 |
| Oct 17, 25 | 2,948,884.71 | -1,054,233.2 | 1,894,651.51 | 0.36 |
| Oct 24, 25 | 116,307.91 | -84,318.14 | 31,989.77 | 0.72 |
| Oct 31, 25 | 17,715.49 | -4,311.44 | 13,404.05 | 0.24 |
| Nov 21, 25 | 2,498,124.78 | -1,692,498 | 805,626.78 | 0.68 |
| Dec 19, 25 | 1,627,444.26 | -644,577.08 | 982,867.18 | 0.40 |
| Jan 16, 26 | 5,361,422.02 | -1,663,606.81 | 3,697,815.21 | 0.31 |
| Mar 20, 26 | 1,520,432.02 | -572,991.88 | 947,440.14 | 0.38 |
| Apr 17, 26 | 75,675.2 | -33,172.27 | 42,502.93 | 0.44 |
| May 15, 26 | 105,325.23 | -62,731.57 | 42,593.66 | 0.60 |
| Jun 18, 26 | 1,142,196.98 | -650,803.32 | 491,393.66 | 0.57 |
| Sep 18, 26 | 570,281.78 | -136,644.93 | 433,636.85 | 0.24 |
| Jan 15, 27 | 2,292,675.27 | -640,564.95 | 1,652,110.32 | 0.28 |
| Dec 17, 27 | 39,889.85 | -7,488.58 | 32,401.27 | 0.19 |
| Jan 21, 28 | 5,962.86 | -170.38 | 5,792.48 | 0.03 |