LATAM Airlines Group S.A. (LTM)
NYSE: LTM
· Real-Time Price · USD
49.22
1.53 (3.21%)
At close: Sep 11, 2025, 12:29 PM
LTM Delta Exposure By Expiry
The total Delta Exposure (DEX) for LTM across all expirations shows -17,914.33 net shares that market makers must hedge, with 16,837.81 from calls and 34,752.14 from puts. The put-call delta ratio of 2.06 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
LTM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 636.45 | -4,862.13 | -4,225.68 | 7.64 |
| Oct 17, 25 | 348.93 | -41.76 | 307.17 | 0.12 |
| Dec 19, 25 | 6,075.96 | -27,600.46 | -21,524.5 | 4.54 |
| Mar 20, 26 | 9,776.47 | -2,247.79 | 7,528.68 | 0.23 |