Tri Pointe Homes Inc. (TPH)
NYSE: TPH
· Real-Time Price · USD
34.96
-0.13 (-0.37%)
At close: Aug 15, 2025, 3:59 PM
34.91
-0.14%
After-hours: Aug 15, 2025, 04:10 PM EDT
TPH Delta Exposure By Expiry
The total Delta Exposure (DEX) for TPH across all expirations shows 9,470.44 net shares that market makers must hedge, with 20,502.74 from calls and 11,032.3 from puts. The put-call delta ratio of 0.54 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 6,217 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.
TPH DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 816.76 | -62.95 | 753.81 | 0.08 |
| Oct 17, 25 | 13,451.72 | -7,234.72 | 6,217 | 0.54 |
| Dec 19, 25 | 2,267.1 | -3,215.98 | -948.88 | 1.42 |
| Jan 16, 26 | 3,967.16 | -518.65 | 3,448.51 | 0.13 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |