Seabridge Gold Inc.

NYSE: SA · Real-Time Price · USD
16.71
0.14 (0.84%)
At close: Aug 15, 2025, 3:59 PM
16.71
-0.03%
After-hours: Aug 15, 2025, 07:08 PM EDT

SA Delta Exposure By Expiry

The total Delta Exposure (DEX) for SA across all expirations shows 466,003 net shares that market makers must hedge, with 503,579.47 from calls and 37,576.47 from puts. The put-call delta ratio of 0.07 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 217,459.91 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.

SA DEX Table

Expiry Date Call Delta Put Delta Net Delta P/C Delta
Sep 19, 25 13,600.18 -3,817.19 9,782.99 0.28
Oct 17, 25 281.28 0 281.28 0.00
Nov 21, 25 62,716.53 -5,860.36 56,856.17 0.09
Jan 16, 26 239,617.58 -22,157.67 217,459.91 0.09
Feb 20, 26 30,600.08 -983.56 29,616.52 0.03
Jun 18, 26 10,944.54 0 10,944.54 0.00
Jan 15, 27 145,819.28 -4,757.69 141,061.59 0.03