KeyCorp (KEY)
NYSE: KEY
· Real-Time Price · USD
18.11
-0.19 (-1.04%)
At close: Aug 15, 2025, 11:11 AM
KEY Delta Exposure By Expiry
The total Delta Exposure (DEX) for KEY across all expirations shows 598,621.36 net shares that market makers must hedge, with 971,013.12 from calls and 372,391.76 from puts. The put-call delta ratio of 0.38 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 324,277.44 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
KEY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 11,390.26 | -3,945.21 | 7,445.05 | 0.35 |
| Aug 29, 25 | 7,180.53 | -15,644.71 | -8,464.18 | 2.18 |
| Sep 5, 25 | 42,995.04 | -664.72 | 42,330.32 | 0.02 |
| Sep 12, 25 | 1,713.5 | -237.08 | 1,476.42 | 0.14 |
| Sep 19, 25 | 355,267.66 | -30,990.22 | 324,277.44 | 0.09 |
| Sep 26, 25 | 1,132.85 | -719.85 | 413 | 0.64 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 69,437.87 | -44,379.29 | 25,058.58 | 0.64 |
| Jan 16, 26 | 320,608.04 | -216,609.73 | 103,998.31 | 0.68 |
| Mar 20, 26 | 1,025.87 | -3,170.25 | -2,144.38 | 3.09 |
| Jun 18, 26 | 65,018.49 | -20,430.38 | 44,588.11 | 0.31 |
| Jan 15, 27 | 90,763.42 | -34,363.45 | 56,399.97 | 0.38 |
| Jun 17, 27 | 3,493.25 | -708.58 | 2,784.67 | 0.20 |
| Dec 17, 27 | 986.34 | -528.29 | 458.05 | 0.54 |