(SCHZ)
AMEX: SCHZ
· Real-Time Price · USD
23.16
-0.02 (-0.11%)
At close: Aug 15, 2025, 3:59 PM
23.20
0.19%
After-hours: Aug 15, 2025, 07:54 PM EDT
SCHZ Delta Exposure By Expiry
The total Delta Exposure (DEX) for SCHZ across all expirations shows 180.81 net shares that market makers must hedge, with 196.83 from calls and 16.02 from puts. The put-call delta ratio of 0.08 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Feb 20, 26 with 109.54 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.
SCHZ DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 15.32 | 0 | 15.32 | 0.00 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 62.16 | -6.21 | 55.95 | 0.10 |
| Feb 20, 26 | 119.35 | -9.81 | 109.54 | 0.08 |