Trane Technologies (TT)
NYSE: TT
· Real-Time Price · USD
423.27
-5.26 (-1.23%)
At close: Aug 15, 2025, 2:46 PM
TT Delta Exposure By Expiry
The total Delta Exposure (DEX) for TT across all expirations shows 552,000.95 net shares that market makers must hedge, with 935,915.68 from calls and 383,914.73 from puts. The put-call delta ratio of 0.41 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 431,726.8 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.
TT DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 510,858.13 | -79,131.33 | 431,726.8 | 0.15 |
| Oct 17, 25 | 32,224.47 | -22,182.11 | 10,042.36 | 0.69 |
| Nov 21, 25 | 59.99 | -70.19 | -10.2 | 1.17 |
| Dec 19, 25 | 112,346.86 | -125,696.35 | -13,349.49 | 1.12 |
| Jan 16, 26 | 158,602.64 | -79,940.81 | 78,661.83 | 0.50 |
| Feb 20, 26 | 16,128.62 | -28,890.51 | -12,761.89 | 1.79 |
| Mar 20, 26 | 4,243.18 | -3,044.45 | 1,198.73 | 0.72 |
| May 15, 26 | 7,290.27 | -14,974.08 | -7,683.81 | 2.05 |
| Dec 18, 26 | 28,991.39 | -7,792.31 | 21,199.08 | 0.27 |
| Jan 15, 27 | 65,170.13 | -22,192.59 | 42,977.54 | 0.34 |