Grayscale Bitcoin Trust E... (GBTC)
AMEX: GBTC
· Real-Time Price · USD
86.22
-1.94 (-2.20%)
At close: Sep 04, 2025, 3:59 PM
88.96
3.18%
Pre-market: Sep 05, 2025, 08:59 AM EDT
GBTC Delta Exposure By Expiry
The total Delta Exposure (DEX) for GBTC across all expirations shows 1,297,341.81 net shares that market makers must hedge, with 1,569,370.9 from calls and 272,029.09 from puts. The put-call delta ratio of 0.17 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
GBTC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 12, 25 | 14,491.04 | -9,853.91 | 4,637.13 | 0.68 |
| Sep 19, 25 | 160,621.92 | -53,504.86 | 107,117.06 | 0.33 |
| Sep 26, 25 | 5,690.22 | -6,382.11 | -691.89 | 1.12 |
| Oct 3, 25 | 3,811.59 | -1,704.62 | 2,106.97 | 0.45 |
| Oct 10, 25 | 915.31 | -579.51 | 335.8 | 0.63 |
| Oct 17, 25 | 23,065.93 | -5,664.23 | 17,401.7 | 0.25 |
| Oct 24, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 916,980.63 | -86,942.87 | 830,037.76 | 0.09 |
| Jan 16, 26 | 245,287.86 | -85,705.7 | 159,582.16 | 0.35 |
| Mar 20, 26 | 19,596.13 | -6,394.23 | 13,201.9 | 0.33 |
| Jan 15, 27 | 178,910.27 | -15,297.05 | 163,613.22 | 0.09 |