(IWM)
AMEX: IWM
· Real-Time Price · USD
226.97
-1.27 (-0.56%)
At close: Aug 15, 2025, 3:59 PM
227.15
0.08%
After-hours: Aug 15, 2025, 07:57 PM EDT
IWM Delta Exposure By Expiry
The total Delta Exposure (DEX) for IWM across all expirations shows 86,396,608.19 net shares that market makers must hedge, with 333,713,211.38 from calls and 247,316,603.19 from puts. The put-call delta ratio of 0.74 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 30,242,057.77 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 18, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
IWM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 18, 25 | 981,743.58 | -613,529.76 | 368,213.82 | 0.62 |
| Aug 19, 25 | 1,906,314.27 | -441,856.89 | 1,464,457.38 | 0.23 |
| Aug 20, 25 | 804,259.77 | -577,575.54 | 226,684.23 | 0.72 |
| Aug 21, 25 | 336,829.77 | -196,662.68 | 140,167.09 | 0.58 |
| Aug 22, 25 | 4,894,360.02 | -2,758,615.34 | 2,135,744.68 | 0.56 |
| Aug 25, 25 | 398,628.25 | -204,898.21 | 193,730.04 | 0.51 |
| Aug 26, 25 | 239,144.26 | -148,991.21 | 90,153.05 | 0.62 |
| Aug 27, 25 | 99,913.05 | -167,381.52 | -67,468.47 | 1.68 |
| Aug 28, 25 | 56,868.54 | -63,009.61 | -6,141.07 | 1.11 |
| Aug 29, 25 | 7,983,894.65 | -9,366,849.21 | -1,382,954.56 | 1.17 |
| Sep 5, 25 | 2,198,594.25 | -881,255.78 | 1,317,338.47 | 0.40 |
| Sep 12, 25 | 3,600,442.26 | -1,001,418.62 | 2,599,023.64 | 0.28 |
| Sep 19, 25 | 92,814,917.99 | -70,039,295.27 | 22,775,622.72 | 0.75 |
| Sep 26, 25 | 619,248.81 | -982,891.05 | -363,642.24 | 1.59 |
| Sep 30, 25 | 9,218,536.35 | -6,043,147.61 | 3,175,388.74 | 0.66 |
| Oct 17, 25 | 22,920,333.71 | -16,673,864.1 | 6,246,469.61 | 0.73 |
| Nov 21, 25 | 7,710,602.82 | -5,542,865.05 | 2,167,737.77 | 0.72 |
| Dec 19, 25 | 71,971,464.15 | -41,729,406.38 | 30,242,057.77 | 0.58 |
| Dec 31, 25 | 2,143,644.2 | -579,105.24 | 1,564,538.96 | 0.27 |
| Jan 16, 26 | 23,389,087.16 | -14,222,074.41 | 9,167,012.75 | 0.61 |