ProShares - Ultra Bitcoin... (BITU)
AMEX: BITU
· Real-Time Price · USD
56.08
-1.32 (-2.30%)
At close: Aug 19, 2025, 9:45 AM
BITU Delta Exposure By Expiry
The total Delta Exposure (DEX) for BITU across all expirations shows 202,373.04 net shares that market makers must hedge, with 232,984.21 from calls and 30,611.17 from puts. The put-call delta ratio of 0.13 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 19, 25 with 117,311.02 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.
BITU DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 31,299.89 | -8,942.97 | 22,356.92 | 0.29 |
| Oct 17, 25 | 105.91 | -154.21 | -48.3 | 1.46 |
| Nov 21, 25 | 18,686.35 | -2,953.39 | 15,732.96 | 0.16 |
| Dec 19, 25 | 128,295.44 | -10,984.42 | 117,311.02 | 0.09 |
| Jan 16, 26 | 34,152.7 | -6,878.77 | 27,273.93 | 0.20 |
| Feb 20, 26 | 20,443.92 | -697.41 | 19,746.51 | 0.03 |