ALPS Clean Energy ETF (ACES)
AMEX: ACES
· Real-Time Price · USD
28.58
-0.29 (-1.00%)
At close: Aug 20, 2025, 3:59 PM
28.55
-0.11%
After-hours: Aug 20, 2025, 05:51 PM EDT
ACES Delta Exposure By Expiry
The total Delta Exposure (DEX) for ACES across all expirations shows 77.52 net shares that market makers must hedge, with 345.52 from calls and 268 from puts. The put-call delta ratio of 0.78 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with -216.3 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
ACES DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 201.55 | 0 | 201.55 | 0.00 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 51.7 | -268 | -216.3 | 5.18 |
| Mar 20, 26 | 92.27 | 0 | 92.27 | 0.00 |