(KBWY)
NASDAQ: KBWY
· Real-Time Price · USD
15.53
-0.06 (-0.38%)
At close: Aug 15, 2025, 3:59 PM
15.52
-0.03%
Pre-market: Aug 18, 2025, 04:22 AM EDT
KBWY Delta Exposure By Expiry
The total Delta Exposure (DEX) for KBWY across all expirations shows -310.41 net shares that market makers must hedge, with 94.61 from calls and 405.02 from puts. The put-call delta ratio of 4.28 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Nov 21, 25 with -309.18 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
KBWY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | -1.23 | -1.23 | n/a |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 94.61 | -403.79 | -309.18 | 4.27 |
| Feb 20, 26 | 0 | 0 | 0 | n/a |