SPDR Portfolio S&P 1500 C...

AMEX: SPTM · Real-Time Price · USD
78.31
0.36 (0.46%)
At close: Aug 26, 2025, 3:59 PM
78.41
0.13%
After-hours: Aug 26, 2025, 06:18 PM EDT

SPTM Delta Exposure By Expiry

The total Delta Exposure (DEX) for SPTM across all expirations shows 27,082.12 net shares that market makers must hedge, with 28,027.62 from calls and 945.5 from puts. The put-call delta ratio of 0.03 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 16,533.73 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.

SPTM DEX Table

Expiry Date Call Delta Put Delta Net Delta P/C Delta
Sep 19, 25 17,343.59 -809.86 16,533.73 0.05
Oct 17, 25 5,982.54 0 5,982.54 0.00
Dec 19, 25 3,274.92 -135.64 3,139.28 0.04
Mar 20, 26 1,426.57 0 1,426.57 0.00