(SPHQ)
SPHQ Daily Delta Exposure
SPHQ's current Delta Exposure (DEX) is 6.55K shares, which is 1250% larger than the 3M average of 485.3086363636363 shares. During this period, DEX ranged from -860.9199999999998 on May 29, 2025 to 6.55K on Aug 12, 2025, swinging between net long and short dealer positioning. Delta exposure has been increasing recently, forcing increased dealer shorting that could cap rallies. The current put-call delta ratio of 0.17 shows bullish call positioning but leaves the market vulnerable to pullbacks. Near extreme DEX levels suggest potential for mean reversion as positions unwind.
DEX History
| Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 12, 2025 | 7,863.57 | -1,310.04 | 6,553.53 | 0.17 |
| Aug 8, 2025 | 7,296.99 | -1,443.85 | 5,853.14 | 0.20 |
| Aug 4, 2025 | 2,221.96 | -1,661.33 | 560.63 | 0.75 |
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