Consumer Staples Select S... (XLP)
AMEX: XLP
· Real-Time Price · USD
80.55
0.29 (0.36%)
At close: Aug 29, 2025, 12:24 PM
XLP Delta Exposure By Expiry
The total Delta Exposure (DEX) for XLP across all expirations shows -4,942,734.19 net shares that market makers must hedge, with 2,039,174.33 from calls and 6,981,908.52 from puts. The put-call delta ratio of 3.42 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Oct 17, 25 with -3,239,773.38 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 5, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
XLP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 5, 25 | 28,854.58 | -40,187.48 | -11,332.9 | 1.39 |
| Sep 12, 25 | 14,816.21 | -20,326.24 | -5,510.03 | 1.37 |
| Sep 19, 25 | 683,467.43 | -1,927,400.96 | -1,243,933.53 | 2.82 |
| Sep 26, 25 | 22,285.91 | -28,338.43 | -6,052.52 | 1.27 |
| Oct 3, 25 | 5,679.15 | -7,557.94 | -1,878.79 | 1.33 |
| Oct 10, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 194,010.61 | -3,433,783.99 | -3,239,773.38 | 17.70 |
| Nov 21, 25 | 18,471.15 | -158,084.38 | -139,613.23 | 8.56 |
| Dec 19, 25 | 263,729.3 | -398,413.51 | -134,684.21 | 1.51 |
| Jan 16, 26 | 528,570.22 | -724,893.68 | -196,323.46 | 1.37 |
| Mar 20, 26 | 83,410.31 | -102,219.89 | -18,809.58 | 1.23 |
| Jun 18, 26 | 64,897.83 | -22,467.83 | 42,430 | 0.35 |
| Sep 18, 26 | 300.83 | -326.2 | -25.37 | 1.08 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 130,680.8 | -117,907.99 | 12,772.81 | 0.90 |