SharpLink Gaming Ltd. (SBET)
NASDAQ: SBET
· Real-Time Price · USD
19.86
-3.63 (-15.45%)
At close: Aug 15, 2025, 3:59 PM
19.95
0.43%
After-hours: Aug 15, 2025, 07:58 PM EDT
SBET Delta Exposure By Expiry
The total Delta Exposure (DEX) for SBET across all expirations shows 1,199,417.95 net shares that market makers must hedge, with 2,586,773.2 from calls and 1,387,355.25 from puts. The put-call delta ratio of 0.54 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 645,226.88 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
SBET DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 156,309.74 | -202,321.17 | -46,011.43 | 1.29 |
| Aug 29, 25 | 185,294.36 | -176,708.75 | 8,585.61 | 0.95 |
| Sep 5, 25 | 43,833.99 | -29,194.43 | 14,639.56 | 0.67 |
| Sep 12, 25 | 32,480.97 | -16,224.29 | 16,256.68 | 0.50 |
| Sep 19, 25 | 300,371.25 | -228,511.5 | 71,859.75 | 0.76 |
| Sep 26, 25 | 18,631.5 | -5,284.33 | 13,347.17 | 0.28 |
| Oct 17, 25 | 471,185.87 | -309,505.97 | 161,679.9 | 0.66 |
| Jan 16, 26 | 996,949.06 | -351,722.18 | 645,226.88 | 0.35 |
| Apr 17, 26 | 504.34 | -34.98 | 469.36 | 0.07 |
| Jan 15, 27 | 381,212.12 | -67,847.65 | 313,364.47 | 0.18 |