(TZA)
AMEX: TZA
· Real-Time Price · USD
8.93
0.04 (0.45%)
At close: Sep 10, 2025, 3:59 PM
8.94
0.11%
After-hours: Sep 10, 2025, 07:59 PM EDT
TZA Delta Exposure By Expiry
The total Delta Exposure (DEX) for TZA across all expirations shows -141,135.9 net shares that market makers must hedge, with 171,499.81 from calls and 312,635.71 from puts. The put-call delta ratio of 1.82 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
TZA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 12, 25 | 19,495.07 | -12,370.3 | 7,124.77 | 0.63 |
| Sep 19, 25 | 27,409.76 | -16,453.04 | 10,956.72 | 0.60 |
| Sep 26, 25 | 5,224.74 | -5,687.07 | -462.33 | 1.09 |
| Oct 3, 25 | 2,862.84 | -3,071.86 | -209.02 | 1.07 |
| Oct 10, 25 | 593.89 | -56.98 | 536.91 | 0.10 |
| Oct 17, 25 | 35,343.61 | -149,807.23 | -114,463.62 | 4.24 |
| Oct 24, 25 | 1,361.97 | -260.81 | 1,101.16 | 0.19 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 42,411.39 | -68,015.66 | -25,604.27 | 1.60 |
| Apr 17, 26 | 6,486.2 | -1,692.07 | 4,794.13 | 0.26 |
| Jan 15, 27 | 30,310.34 | -55,220.69 | -24,910.35 | 1.82 |