Turning Point Brands Inc. (TPB)
NYSE: TPB
· Real-Time Price · USD
101.06
0.38 (0.38%)
At close: Sep 12, 2025, 10:42 AM
TPB Delta Exposure By Expiry
The total Delta Exposure (DEX) for TPB across all expirations shows 467,411.79 net shares that market makers must hedge, with 497,770.55 from calls and 30,358.76 from puts. The put-call delta ratio of 0.06 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
TPB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 54,942.95 | -21,672.24 | 33,270.71 | 0.39 |
| Oct 17, 25 | 14,221.15 | -313.14 | 13,908.01 | 0.02 |
| Nov 21, 25 | 1,188.98 | -180.28 | 1,008.7 | 0.15 |
| Dec 19, 25 | 121,468.42 | -2,410.46 | 119,057.96 | 0.02 |
| Jan 16, 26 | 9,221.79 | -1,140.4 | 8,081.39 | 0.12 |
| Apr 17, 26 | 296,727.26 | -4,642.24 | 292,085.02 | 0.02 |