Semtech Corporation (SMTC)
NASDAQ: SMTC
· Real-Time Price · USD
49.83
-0.69 (-1.37%)
At close: Aug 15, 2025, 3:59 PM
49.80
-0.06%
After-hours: Aug 15, 2025, 07:49 PM EDT
SMTC Delta Exposure By Expiry
The total Delta Exposure (DEX) for SMTC across all expirations shows 189,199.11 net shares that market makers must hedge, with 283,021.39 from calls and 93,822.28 from puts. The put-call delta ratio of 0.33 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 15, 27 with 60,941.48 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.
SMTC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 64,936.07 | -14,305.65 | 50,630.42 | 0.22 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 25,401.19 | -4,031.07 | 21,370.12 | 0.16 |
| Jan 16, 26 | 81,925.57 | -51,687.73 | 30,237.84 | 0.63 |
| Mar 20, 26 | 1,098.72 | 0 | 1,098.72 | 0.00 |
| Dec 18, 26 | 25,133.2 | -1,353.57 | 23,779.63 | 0.05 |
| Jan 15, 27 | 83,329.47 | -22,387.99 | 60,941.48 | 0.27 |
| Dec 17, 27 | 1,197.17 | -56.27 | 1,140.9 | 0.05 |