(SPY)
AMEX: SPY
· Real-Time Price · USD
657.61
5.40 (0.83%)
At close: Sep 11, 2025, 3:59 PM
657.68
0.01%
After-hours: Sep 11, 2025, 07:59 PM EDT
SPY Delta Exposure By Expiry
The total Delta Exposure (DEX) for SPY across all expirations shows 745,323,370.42 net shares that market makers must hedge, with 1,377,541,914.1 from calls and 632,218,543.68 from puts. The put-call delta ratio of 0.46 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
SPY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 15, 25 | 9,328,539.72 | -7,869,881.65 | 1,458,658.07 | 0.84 |
| Sep 16, 25 | 4,463,964.4 | -2,930,447.35 | 1,533,517.05 | 0.66 |
| Sep 17, 25 | 6,768,356.16 | -1,818,131 | 4,950,225.16 | 0.27 |
| Sep 18, 25 | 14,292,518.14 | -2,513,029.56 | 11,779,488.58 | 0.18 |
| Sep 19, 25 | 347,642,155.95 | -96,962,237.01 | 250,679,918.94 | 0.28 |
| Sep 22, 25 | 751,781.73 | -904,743.3 | -152,961.57 | 1.20 |
| Sep 23, 25 | 114,159.19 | -218,797.72 | -104,638.53 | 1.92 |
| Sep 24, 25 | 0 | 0 | 0 | n/a |
| Sep 26, 25 | 24,441,980.81 | -14,067,192.46 | 10,374,788.35 | 0.58 |
| Sep 30, 25 | 94,429,949.86 | -42,976,185.49 | 51,453,764.37 | 0.46 |
| Oct 3, 25 | 20,434,334.13 | -8,691,083.81 | 11,743,250.32 | 0.43 |
| Oct 10, 25 | 4,671,575.49 | -2,799,863.83 | 1,871,711.66 | 0.60 |
| Oct 17, 25 | 98,490,016.8 | -98,829,159.27 | -339,142.47 | 1.00 |
| Oct 24, 25 | 1,190,418.36 | -1,830,252.28 | -639,833.92 | 1.54 |
| Oct 31, 25 | 48,942,811.84 | -34,980,707.02 | 13,962,104.82 | 0.71 |
| Nov 21, 25 | 26,767,112.1 | -28,983,763.11 | -2,216,651.01 | 1.08 |
| Nov 28, 25 | 15,843,768.78 | -9,825,628.42 | 6,018,140.36 | 0.62 |
| Dec 19, 25 | 165,411,016.9 | -55,576,366.87 | 109,834,650.03 | 0.34 |
| Dec 31, 25 | 42,349,431.57 | -12,661,521.48 | 29,687,910.09 | 0.30 |
| Jan 16, 26 | 141,094,526.12 | -42,820,552.4 | 98,273,973.72 | 0.30 |