SmartFinancial Inc. (SMBK)
NASDAQ: SMBK
· Real-Time Price · USD
35.43
-0.12 (-0.34%)
At close: Aug 15, 2025, 3:59 PM
35.39
-0.11%
After-hours: Aug 15, 2025, 04:04 PM EDT
SMBK Delta Exposure By Expiry
The total Delta Exposure (DEX) for SMBK across all expirations shows 49.15 net shares that market makers must hedge, with 139.71 from calls and 90.56 from puts. The put-call delta ratio of 0.65 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 47.06 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.
SMBK DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 19.15 | 0 | 19.15 | 0.00 |
| Oct 17, 25 | 87.58 | -40.52 | 47.06 | 0.46 |
| Jan 16, 26 | 32.98 | -50.04 | -17.06 | 1.52 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |