Kinder Morgan Inc. (KMI)
NYSE: KMI
· Real-Time Price · USD
26.68
-0.17 (-0.63%)
At close: Aug 15, 2025, 3:59 PM
26.72
0.13%
After-hours: Aug 15, 2025, 07:46 PM EDT
KMI Delta Exposure By Expiry
The total Delta Exposure (DEX) for KMI across all expirations shows 120,888.36 net shares that market makers must hedge, with 1,931,068.46 from calls and 1,810,180.1 from puts. The put-call delta ratio of 0.94 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with -674,522.74 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
KMI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 33,451.38 | -29,211.77 | 4,239.61 | 0.87 |
| Aug 29, 25 | 21,701.11 | -8,425.78 | 13,275.33 | 0.39 |
| Sep 5, 25 | 5,198.26 | -5,257.18 | -58.92 | 1.01 |
| Sep 12, 25 | 8,571.67 | -1,636.04 | 6,935.63 | 0.19 |
| Sep 19, 25 | 334,452.24 | -1,008,974.98 | -674,522.74 | 3.02 |
| Sep 26, 25 | 11,668.55 | -12,084.82 | -416.27 | 1.04 |
| Oct 17, 25 | 610.49 | -319.15 | 291.34 | 0.52 |
| Dec 19, 25 | 208,903.68 | -112,564.95 | 96,338.73 | 0.54 |
| Jan 16, 26 | 914,895.8 | -471,675.2 | 443,220.6 | 0.52 |
| Mar 20, 26 | 108,607.24 | -86,820.44 | 21,786.8 | 0.80 |
| Jun 18, 26 | 62,883.09 | -42,798.79 | 20,084.3 | 0.68 |
| Sep 18, 26 | 6,853.64 | -4,617.02 | 2,236.62 | 0.67 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 213,271.31 | -25,793.98 | 187,477.33 | 0.12 |