Bitwise Bitcoin ETF (BITB)
AMEX: BITB
· Real-Time Price · USD
61.47
-1.79 (-2.83%)
At close: Aug 19, 2025, 3:59 PM
61.88
0.67%
Pre-market: Aug 20, 2025, 08:36 AM EDT
BITB Delta Exposure By Expiry
The total Delta Exposure (DEX) for BITB across all expirations shows 271,062.96 net shares that market makers must hedge, with 314,503.5 from calls and 43,440.54 from puts. The put-call delta ratio of 0.14 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 15, 27 with 107,820.09 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
BITB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 87,922.12 | -14,828.48 | 73,093.64 | 0.17 |
| Oct 17, 25 | 3,068.97 | -1,296.45 | 1,772.52 | 0.42 |
| Dec 19, 25 | 26,791.65 | -6,738.24 | 20,053.41 | 0.25 |
| Jan 16, 26 | 73,482.42 | -10,340.05 | 63,142.37 | 0.14 |
| Mar 20, 26 | 8,771.35 | -3,590.42 | 5,180.93 | 0.41 |
| Jan 15, 27 | 114,466.99 | -6,646.9 | 107,820.09 | 0.06 |