Starbucks Corporation (SBUX)
NASDAQ: SBUX
· Real-Time Price · USD
92.73
2.13 (2.35%)
At close: Aug 18, 2025, 1:14 PM
SBUX Delta Exposure By Expiry
The total Delta Exposure (DEX) for SBUX across all expirations shows 3,939,936.91 net shares that market makers must hedge, with 10,195,074.73 from calls and 6,255,137.82 from puts. The put-call delta ratio of 0.61 suggests neutral market maker positioning. The largest delta concentration at Jun 18, 26 with 1,766,764.15 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
SBUX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 118,745.09 | -107,605.19 | 11,139.9 | 0.91 |
| Aug 29, 25 | 70,759.72 | -166,258.28 | -95,498.56 | 2.35 |
| Sep 5, 25 | 37,716.7 | -40,643.1 | -2,926.4 | 1.08 |
| Sep 12, 25 | 19,894.95 | -40,357.76 | -20,462.81 | 2.03 |
| Sep 19, 25 | 1,256,476.16 | -1,352,950.19 | -96,474.03 | 1.08 |
| Sep 26, 25 | 22,129.81 | -5,184.71 | 16,945.1 | 0.23 |
| Oct 17, 25 | 605,209.81 | -508,782.55 | 96,427.26 | 0.84 |
| Nov 21, 25 | 14,966.29 | -9,755.35 | 5,210.94 | 0.65 |
| Jan 16, 26 | 2,809,956.26 | -1,848,167.93 | 961,788.33 | 0.66 |
| Mar 20, 26 | 456,294.46 | -383,533.24 | 72,761.22 | 0.84 |
| Apr 17, 26 | 44.79 | -372.95 | -328.16 | 8.33 |
| May 15, 26 | 44,280.58 | -119,624.72 | -75,344.14 | 2.70 |
| Jun 18, 26 | 2,403,892.1 | -637,127.95 | 1,766,764.15 | 0.27 |
| Sep 18, 26 | 155,139.52 | -109,778.84 | 45,360.68 | 0.71 |
| Dec 18, 26 | 1,457,834.02 | -540,386.01 | 917,448.01 | 0.37 |
| Jan 15, 27 | 721,734.47 | -384,609.05 | 337,125.42 | 0.53 |