Williams Companies Inc. (WMB)
NYSE: WMB
· Real-Time Price · USD
57.88
0.54 (0.94%)
At close: Aug 15, 2025, 2:06 PM
WMB Delta Exposure By Expiry
The total Delta Exposure (DEX) for WMB across all expirations shows 331,374.32 net shares that market makers must hedge, with 1,336,492.56 from calls and 1,005,118.24 from puts. The put-call delta ratio of 0.75 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 299,191.04 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
WMB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 66,630.87 | -19,836.78 | 46,794.09 | 0.30 |
| Aug 29, 25 | 21,057.65 | -126,627.74 | -105,570.09 | 6.01 |
| Sep 5, 25 | 19,237.35 | -9,747.62 | 9,489.73 | 0.51 |
| Sep 12, 25 | 1,380.12 | -3,746.73 | -2,366.61 | 2.71 |
| Sep 19, 25 | 323,544.38 | -128,816.6 | 194,727.78 | 0.40 |
| Sep 26, 25 | 23,617.52 | -216,913.67 | -193,296.15 | 9.18 |
| Oct 17, 25 | 19,376.69 | -31,511.93 | -12,135.24 | 1.63 |
| Nov 21, 25 | 50,181.5 | -86,929.9 | -36,748.4 | 1.73 |
| Jan 16, 26 | 536,461.79 | -237,270.75 | 299,191.04 | 0.44 |
| Feb 20, 26 | 8,061.16 | -6,389.84 | 1,671.32 | 0.79 |
| Mar 20, 26 | 65,288.45 | -72,178.23 | -6,889.78 | 1.11 |
| Jun 18, 26 | 41,450.77 | -34,579.22 | 6,871.55 | 0.83 |
| Sep 18, 26 | 10,182.87 | -5,161.94 | 5,020.93 | 0.51 |
| Jan 15, 27 | 150,021.44 | -25,407.29 | 124,614.15 | 0.17 |