Smith & Wesson Brands Inc... (SWBI)
NASDAQ: SWBI
· Real-Time Price · USD
8.12
-0.03 (-0.37%)
At close: Aug 15, 2025, 3:59 PM
8.15
0.41%
After-hours: Aug 15, 2025, 06:44 PM EDT
SWBI Delta Exposure By Expiry
The total Delta Exposure (DEX) for SWBI across all expirations shows -1,130.71 net shares that market makers must hedge, with 41,303.23 from calls and 42,433.94 from puts. The put-call delta ratio of 1.03 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 15, 27 with 7,612.27 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
SWBI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 12,112.52 | -19,088.66 | -6,976.14 | 1.58 |
| Oct 17, 25 | 2.12 | -6.08 | -3.96 | 2.87 |
| Dec 19, 25 | 3,841.84 | -8,030.17 | -4,188.33 | 2.09 |
| Jan 16, 26 | 12,674.53 | -13,207.05 | -532.52 | 1.04 |
| Mar 20, 26 | 3,030.73 | -72.76 | 2,957.97 | 0.02 |
| Jan 15, 27 | 9,641.49 | -2,029.22 | 7,612.27 | 0.21 |