SPDR EURO STOXX 50 ETF (FEZ)
AMEX: FEZ
· Real-Time Price · USD
59.12
-0.68 (-1.14%)
At close: Sep 02, 2025, 3:59 PM
59.13
0.02%
After-hours: Sep 02, 2025, 04:20 PM EDT
FEZ Delta Exposure By Expiry
The total Delta Exposure (DEX) for FEZ across all expirations shows 146,721.8 net shares that market makers must hedge, with 895,660.33 from calls and 748,938.53 from puts. The put-call delta ratio of 0.84 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 147,998.69 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 5, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
FEZ DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 5, 25 | 744.98 | -1,350.29 | -605.31 | 1.81 |
| Sep 12, 25 | 29.74 | -114.15 | -84.41 | 3.84 |
| Sep 19, 25 | 210,901.49 | -157,401.01 | 53,500.48 | 0.75 |
| Sep 26, 25 | 1,965.85 | -56.89 | 1,908.96 | 0.03 |
| Oct 3, 25 | 0 | -123.68 | -123.68 | n/a |
| Oct 10, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 3,783.56 | -74,082.07 | -70,298.51 | 19.58 |
| Nov 21, 25 | 240,326.74 | -163,837.36 | 76,489.38 | 0.68 |
| Jan 16, 26 | 332,719.54 | -184,720.85 | 147,998.69 | 0.56 |
| Feb 20, 26 | 15,910.52 | -32,364.9 | -16,454.38 | 2.03 |
| Jan 15, 27 | 89,277.91 | -134,887.33 | -45,609.42 | 1.51 |