SPDR DoubleLine Total Ret... (TOTL)
AMEX: TOTL
· Real-Time Price · USD
40.36
0.03 (0.07%)
At close: Aug 29, 2025, 3:59 PM
40.35
-0.02%
After-hours: Aug 29, 2025, 05:29 PM EDT
TOTL Delta Exposure By Expiry
The total Delta Exposure (DEX) for TOTL across all expirations shows 938.63 net shares that market makers must hedge, with 1,468.76 from calls and 530.13 from puts. The put-call delta ratio of 0.36 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 754.56 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.
TOTL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 754.56 | 0 | 754.56 | 0.00 |
| Oct 17, 25 | 625.6 | -432.56 | 193.04 | 0.69 |
| Nov 21, 25 | 51.14 | -36.76 | 14.38 | 0.72 |
| Feb 20, 26 | 37.46 | -60.81 | -23.35 | 1.62 |