(TBT)
AMEX: TBT
· Real-Time Price · USD
33.53
0.32 (0.96%)
At close: Sep 12, 2025, 3:59 PM
33.54
0.03%
After-hours: Sep 12, 2025, 06:07 PM EDT
TBT Delta Exposure By Expiry
The total Delta Exposure (DEX) for TBT across all expirations shows -24,926.98 net shares that market makers must hedge, with 222,064.14 from calls and 246,991.12 from puts. The put-call delta ratio of 1.11 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
TBT DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 64,356.95 | -122,717.16 | -58,360.21 | 1.91 |
| Oct 17, 25 | 15,659.58 | -28,361.7 | -12,702.12 | 1.81 |
| Dec 19, 25 | 51,944.84 | -18,546.84 | 33,398 | 0.36 |
| Jan 16, 26 | 60,666.1 | -68,918.12 | -8,252.02 | 1.14 |
| Mar 20, 26 | 12,434.12 | -2,043.42 | 10,390.7 | 0.16 |
| Jan 15, 27 | 17,002.55 | -6,403.88 | 10,598.67 | 0.38 |