Telefónica S.A. (TEF)
NYSE: TEF
· Real-Time Price · USD
4.93
-0.08 (-1.60%)
At close: Oct 06, 2025, 3:59 PM
4.94
0.20%
After-hours: Oct 06, 2025, 06:23 PM EDT
TEF Delta Exposure By Expiry
The total Delta Exposure (DEX) for TEF across all expirations shows 4,801.24 net shares that market makers must hedge, with 5,207.38 from calls and 406.14 from puts. The put-call delta ratio of 0.08 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
TEF DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 10.53 | -33.05 | -22.52 | 3.14 |
| Nov 21, 25 | 0 | -17.58 | -17.58 | n/a |
| Dec 19, 25 | 3,800.87 | -168.87 | 3,632 | 0.04 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 1,395.98 | -186.64 | 1,209.34 | 0.13 |