United States Natural Gas... (UNG)
AMEX: UNG
· Real-Time Price · USD
11.90
-0.50 (-4.03%)
At close: Aug 22, 2025, 3:59 PM
11.91
0.04%
After-hours: Aug 22, 2025, 07:56 PM EDT
UNG Delta Exposure By Expiry
The total Delta Exposure (DEX) for UNG across all expirations shows -37,922.44 net shares that market makers must hedge, with 442,287.94 from calls and 480,210.38 from puts. The put-call delta ratio of 1.09 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with 76,914.08 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 27, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
UNG DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 27, 25 | 9,358.93 | -34,373.84 | -25,014.91 | 3.67 |
| Aug 29, 25 | 16,672.28 | -38,958.41 | -22,286.13 | 2.34 |
| Sep 3, 25 | 1,985.97 | -421.72 | 1,564.25 | 0.21 |
| Sep 5, 25 | 12,530.57 | -36,688.82 | -24,158.25 | 2.93 |
| Sep 12, 25 | 13,337.05 | -15,576.73 | -2,239.68 | 1.17 |
| Sep 19, 25 | 59,912.55 | -128,778.48 | -68,865.93 | 2.15 |
| Sep 26, 25 | 5,378.29 | -11,131.18 | -5,752.89 | 2.07 |
| Oct 3, 25 | 25.96 | 0 | 25.96 | 0.00 |
| Oct 17, 25 | 85,837.22 | -83,092.74 | 2,744.48 | 0.97 |
| Jan 16, 26 | 181,993.38 | -105,079.3 | 76,914.08 | 0.58 |
| Apr 17, 26 | 7,072.86 | -1,170.86 | 5,902 | 0.17 |
| Jan 15, 27 | 48,182.88 | -24,938.3 | 23,244.58 | 0.52 |