Starwood Property Trust I... (STWD)
NYSE: STWD
· Real-Time Price · USD
19.86
-0.07 (-0.35%)
At close: Aug 15, 2025, 3:59 PM
19.87
0.03%
After-hours: Aug 15, 2025, 04:16 PM EDT
STWD Delta Exposure By Expiry
The total Delta Exposure (DEX) for STWD across all expirations shows 126,647.74 net shares that market makers must hedge, with 355,563.28 from calls and 228,915.54 from puts. The put-call delta ratio of 0.64 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 48,958.76 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.
STWD DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 82,705.39 | -35,240.85 | 47,464.54 | 0.43 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 94,948.93 | -49,028.03 | 45,920.9 | 0.52 |
| Jan 16, 26 | 146,952.08 | -97,993.32 | 48,958.76 | 0.67 |
| Mar 20, 26 | 4,953.41 | -10,413.83 | -5,460.42 | 2.10 |
| Jan 15, 27 | 26,003.47 | -36,239.51 | -10,236.04 | 1.39 |