Turning Point Brands Inc. (TPB)
NYSE: TPB
· Real-Time Price · USD
98.50
-0.84 (-0.85%)
At close: Aug 15, 2025, 3:59 PM
98.58
0.08%
After-hours: Aug 15, 2025, 05:51 PM EDT
TPB Delta Exposure By Expiry
The total Delta Exposure (DEX) for TPB across all expirations shows 491,379.55 net shares that market makers must hedge, with 539,809.43 from calls and 48,429.88 from puts. The put-call delta ratio of 0.09 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Apr 17, 26 with 300,755.11 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.
TPB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 89,280.6 | -40,073.79 | 49,206.81 | 0.45 |
| Oct 17, 25 | 10,294.41 | -426.88 | 9,867.53 | 0.04 |
| Nov 21, 25 | 122.1 | 0 | 122.1 | 0.00 |
| Dec 19, 25 | 126,310.03 | -2,607.05 | 123,702.98 | 0.02 |
| Jan 16, 26 | 8,554.23 | -829.21 | 7,725.02 | 0.10 |
| Apr 17, 26 | 305,248.06 | -4,492.95 | 300,755.11 | 0.01 |