Direxion Daily S&P 500 Be... (SPXS)
AMEX: SPXS
· Real-Time Price · USD
4.35
0.05 (1.16%)
At close: Aug 20, 2025, 3:59 PM
4.35
0.00%
After-hours: Aug 20, 2025, 07:59 PM EDT
SPXS Delta Exposure By Expiry
The total Delta Exposure (DEX) for SPXS across all expirations shows 191,497.83 net shares that market makers must hedge, with 422,087.13 from calls and 230,589.3 from puts. The put-call delta ratio of 0.55 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 98,398.01 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
SPXS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 24,815.69 | -2,926.52 | 21,889.17 | 0.12 |
| Aug 29, 25 | 72,914.16 | -4,440.52 | 68,473.64 | 0.06 |
| Sep 5, 25 | 4,881.73 | -839.55 | 4,042.18 | 0.17 |
| Sep 12, 25 | 4,495.54 | -1,814.97 | 2,680.57 | 0.40 |
| Sep 19, 25 | 29,305.59 | -6,796.92 | 22,508.67 | 0.23 |
| Sep 26, 25 | 4,715.21 | -101.79 | 4,613.42 | 0.02 |
| Oct 17, 25 | 110,452.01 | -12,054 | 98,398.01 | 0.11 |
| Jan 16, 26 | 96,073.56 | -166,587.27 | -70,513.71 | 1.73 |
| Apr 17, 26 | 1,951.34 | -193.22 | 1,758.12 | 0.10 |
| Jan 15, 27 | 72,482.3 | -34,834.54 | 37,647.76 | 0.48 |