KB Home (KBH)
NYSE: KBH
· Real-Time Price · USD
62.87
-0.16 (-0.25%)
At close: Aug 15, 2025, 3:59 PM
62.55
-0.51%
After-hours: Aug 15, 2025, 07:30 PM EDT
KBH Delta Exposure By Expiry
The total Delta Exposure (DEX) for KBH across all expirations shows 547,271.47 net shares that market makers must hedge, with 725,227.55 from calls and 177,956.08 from puts. The put-call delta ratio of 0.25 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 146,981.1 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.
KBH DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 192,957.85 | -45,976.75 | 146,981.1 | 0.24 |
| Oct 17, 25 | 114,077.64 | -11,492.6 | 102,585.04 | 0.10 |
| Dec 19, 25 | 161,270.15 | -33,634.43 | 127,635.72 | 0.21 |
| Jan 16, 26 | 125,608.23 | -57,752.57 | 67,855.66 | 0.46 |
| Mar 20, 26 | 8,459.9 | -1,894.22 | 6,565.68 | 0.22 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 7,491.15 | -1,120.48 | 6,370.67 | 0.15 |
| Sep 18, 26 | 3,007.23 | -650.6 | 2,356.63 | 0.22 |
| Dec 18, 26 | 93,510.46 | -21,896.36 | 71,614.1 | 0.23 |
| Jan 15, 27 | 18,844.94 | -3,538.07 | 15,306.87 | 0.19 |