S&P Global Inc. (SPGI)
NYSE: SPGI
· Real-Time Price · USD
564.10
1.52 (0.27%)
At close: Aug 14, 2025, 3:59 PM
564.52
0.07%
Pre-market: Aug 15, 2025, 05:54 AM EDT
SPGI Delta Exposure By Expiry
The total Delta Exposure (DEX) for SPGI across all expirations shows 3,765,892.51 net shares that market makers must hedge, with 4,482,465.7 from calls and 716,573.19 from puts. The put-call delta ratio of 0.16 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 1,228,978.37 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.
SPGI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 24,517.79 | -22,549.98 | 1,967.81 | 0.92 |
| Aug 29, 25 | 94,561.19 | -5,698.26 | 88,862.93 | 0.06 |
| Sep 5, 25 | 25,744.6 | -606.74 | 25,137.86 | 0.02 |
| Sep 12, 25 | 29,068.95 | -873.02 | 28,195.93 | 0.03 |
| Sep 19, 25 | 847,779.92 | -93,294.32 | 754,485.6 | 0.11 |
| Sep 26, 25 | 0 | -615.88 | -615.88 | n/a |
| Oct 17, 25 | 251,954.92 | -75,815.55 | 176,139.37 | 0.30 |
| Nov 21, 25 | 367,345.7 | -39,708.83 | 327,636.87 | 0.11 |
| Jan 16, 26 | 792,536.48 | -157,305.69 | 635,230.79 | 0.20 |
| Feb 20, 26 | 10,752.87 | -1,160.64 | 9,592.23 | 0.11 |
| Mar 20, 26 | 134,112.95 | -21,804.26 | 112,308.69 | 0.16 |
| Jun 18, 26 | 228,637.87 | -116,382.82 | 112,255.05 | 0.51 |
| Sep 18, 26 | 64,120.04 | -15,855.6 | 48,264.44 | 0.25 |
| Dec 18, 26 | 256,520.48 | -39,068.03 | 217,452.45 | 0.15 |
| Jan 15, 27 | 1,354,811.94 | -125,833.57 | 1,228,978.37 | 0.09 |