Joint Stock Kaspi.kz (KSPI)
NASDAQ: KSPI
· Real-Time Price · USD
96.01
-1.70 (-1.74%)
At close: Aug 14, 2025, 3:59 PM
95.30
-0.74%
Pre-market: Aug 15, 2025, 08:03 AM EDT
KSPI Delta Exposure By Expiry
The total Delta Exposure (DEX) for KSPI across all expirations shows 215,293.74 net shares that market makers must hedge, with 239,204.13 from calls and 23,910.39 from puts. The put-call delta ratio of 0.10 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Mar 20, 26 with 125,996.1 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.
KSPI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 50,776.22 | -13,234.99 | 37,541.23 | 0.26 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 59,865.22 | -8,108.81 | 51,756.41 | 0.14 |
| Mar 20, 26 | 128,562.69 | -2,566.59 | 125,996.1 | 0.02 |