(XLP)
AMEX: XLP
· Real-Time Price · USD
80.32
-0.41 (-0.51%)
At close: Sep 09, 2025, 3:59 PM
XLP Delta Exposure By Expiry
The total Delta Exposure (DEX) for XLP across all expirations shows -4,852,435.29 net shares that market makers must hedge, with 2,447,531.68 from calls and 7,299,966.97 from puts. The put-call delta ratio of 2.98 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
XLP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 12, 25 | 47,593.28 | -38,894.36 | 8,698.92 | 0.82 |
| Sep 19, 25 | 832,340.12 | -1,528,216.42 | -695,876.3 | 1.84 |
| Sep 26, 25 | 64,316.98 | -32,680.78 | 31,636.2 | 0.51 |
| Oct 3, 25 | 26,373.67 | -13,551.07 | 12,822.6 | 0.51 |
| Oct 10, 25 | 15,608.49 | -6,400.15 | 9,208.34 | 0.41 |
| Oct 17, 25 | 230,510.07 | -3,965,545.44 | -3,735,035.37 | 17.20 |
| Oct 24, 25 | 418.99 | -573.48 | -154.49 | 1.37 |
| Nov 21, 25 | 67,138.73 | -178,892.87 | -111,754.14 | 2.66 |
| Dec 19, 25 | 272,109.52 | -564,892.14 | -292,782.62 | 2.08 |
| Jan 16, 26 | 592,099.37 | -714,646.79 | -122,547.42 | 1.21 |
| Mar 20, 26 | 88,726.75 | -101,760.31 | -13,033.56 | 1.15 |
| Jun 18, 26 | 70,231.89 | -22,740.91 | 47,490.98 | 0.32 |
| Sep 18, 26 | 3,859.55 | -4,781.14 | -921.59 | 1.24 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 136,204.27 | -126,391.11 | 9,813.16 | 0.93 |