(XLRE)
AMEX: XLRE
· Real-Time Price · USD
41.66
0.72 (1.76%)
At close: Aug 19, 2025, 3:59 PM
41.58
-0.19%
Pre-market: Aug 20, 2025, 09:01 AM EDT
XLRE Delta Exposure By Expiry
The total Delta Exposure (DEX) for XLRE across all expirations shows -23,028.2 net shares that market makers must hedge, with 187,253.39 from calls and 210,281.59 from puts. The put-call delta ratio of 1.12 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with -52,015.87 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.
XLRE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 33,974.79 | -34,005.41 | -30.62 | 1.00 |
| Oct 17, 25 | 1,066.16 | -137.17 | 928.99 | 0.13 |
| Nov 21, 25 | 19,148.54 | -8,684.4 | 10,464.14 | 0.45 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 56,033.31 | -108,049.18 | -52,015.87 | 1.93 |
| Feb 20, 26 | 365.97 | -1,878.82 | -1,512.85 | 5.13 |
| Mar 20, 26 | 4,783.83 | -8,558.03 | -3,774.2 | 1.79 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 71,880.79 | -48,968.58 | 22,912.21 | 0.68 |