CBOE: USHY · Real-Time Price · USD
37.40
0.00 (0.00%)
At close: Aug 15, 2025, 3:00 PM

USHY Delta Exposure By Expiry

The total Delta Exposure (DEX) for USHY across all expirations shows -3,442.76 net shares that market makers must hedge, with 227.94 from calls and 3,670.7 from puts. The put-call delta ratio of 16.10 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -2,480.54 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.

USHY DEX Table

Expiry Date Call Delta Put Delta Net Delta P/C Delta
Sep 19, 25 177.83 -2,658.37 -2,480.54 14.95
Oct 17, 25 0 0 0 n/a
Dec 19, 25 50.11 -1,012.33 -962.22 20.20
Jan 16, 26 0 0 0 n/a
Mar 20, 26 0 0 0 n/a