Direxion Daily S&P Biotec... (LABU)
AMEX: LABU
· Real-Time Price · USD
68.57
-1.73 (-2.46%)
At close: Aug 29, 2025, 10:45 AM
LABU Delta Exposure By Expiry
The total Delta Exposure (DEX) for LABU across all expirations shows -122,440.75 net shares that market makers must hedge, with 433,854.48 from calls and 556,295.23 from puts. The put-call delta ratio of 1.28 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with -169,357.48 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 5, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
LABU DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 5, 25 | 39,489.04 | -9,462.11 | 30,026.93 | 0.24 |
| Sep 12, 25 | 18,059.06 | -3,223 | 14,836.06 | 0.18 |
| Sep 19, 25 | 127,022.19 | -40,616.76 | 86,405.43 | 0.32 |
| Sep 26, 25 | 12,331.87 | -3,252.82 | 9,079.05 | 0.26 |
| Oct 3, 25 | 3,275.86 | -1,538.24 | 1,737.62 | 0.47 |
| Oct 10, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 9,486.8 | -4,175.11 | 5,311.69 | 0.44 |
| Dec 19, 25 | 34,031.52 | -10,312.38 | 23,719.14 | 0.30 |
| Jan 16, 26 | 123,657 | -293,014.48 | -169,357.48 | 2.37 |
| Mar 20, 26 | 4,784.28 | -2,116.87 | 2,667.41 | 0.44 |
| Jan 15, 27 | 61,716.86 | -188,583.46 | -126,866.6 | 3.06 |