Seabridge Gold Inc. (SA)
NYSE: SA
· Real-Time Price · USD
23.28
1.38 (6.30%)
At close: Sep 29, 2025, 11:25 AM
SA Delta Exposure By Expiry
The total Delta Exposure (DEX) for SA across all expirations shows 1,087,282.15 net shares that market makers must hedge, with 1,152,503.39 from calls and 65,221.24 from puts. The put-call delta ratio of 0.06 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
SA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 59,328.24 | -15,331.15 | 43,997.09 | 0.26 |
| Nov 21, 25 | 107,643.82 | -12,677.34 | 94,966.48 | 0.12 |
| Jan 16, 26 | 440,560.68 | -23,156.76 | 417,403.92 | 0.05 |
| Feb 20, 26 | 95,001.78 | -4,765.11 | 90,236.67 | 0.05 |
| May 15, 26 | 15,478.1 | -923.41 | 14,554.69 | 0.06 |
| Jun 18, 26 | 10,944.54 | 0 | 10,944.54 | 0.00 |
| Jan 15, 27 | 415,042.29 | -8,085.08 | 406,957.21 | 0.02 |
| Jan 21, 28 | 8,503.94 | -282.39 | 8,221.55 | 0.03 |