SM Energy (SM)
NYSE: SM
· Real-Time Price · USD
25.85
1.09 (4.40%)
At close: Oct 03, 2025, 3:59 PM
25.78
-0.27%
After-hours: Oct 03, 2025, 07:55 PM EDT
SM Delta Exposure By Expiry
The total Delta Exposure (DEX) for SM across all expirations shows 44,785.5 net shares that market makers must hedge, with 130,049.8 from calls and 85,264.3 from puts. The put-call delta ratio of 0.66 suggests neutral market maker positioning.
SM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 24,508.52 | -5,501.34 | 19,007.18 | 0.22 |
| Nov 21, 25 | 24,460.54 | -16,706.6 | 7,753.94 | 0.68 |
| Dec 19, 25 | 36,417.86 | -54,420.25 | -18,002.39 | 1.49 |
| Feb 20, 26 | 30,066.94 | -6,735.18 | 23,331.76 | 0.22 |
| May 15, 26 | 3,125.78 | -353.96 | 2,771.82 | 0.11 |
| Dec 18, 26 | 11,470.16 | -1,546.97 | 9,923.19 | 0.13 |