Real Estate Select Sector... (XLRE)
AMEX: XLRE
· Real-Time Price · USD
42.34
0.66 (1.58%)
At close: Aug 22, 2025, 3:59 PM
42.32
-0.06%
After-hours: Aug 22, 2025, 07:55 PM EDT
XLRE Delta Exposure By Expiry
The total Delta Exposure (DEX) for XLRE across all expirations shows 40,267.3 net shares that market makers must hedge, with 214,865.72 from calls and 174,598.42 from puts. The put-call delta ratio of 0.81 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 23,518.85 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.
XLRE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 46,729.06 | -32,470.28 | 14,258.78 | 0.69 |
| Oct 17, 25 | 1,932.77 | -311.6 | 1,621.17 | 0.16 |
| Nov 21, 25 | 20,017.92 | -6,815.61 | 13,202.31 | 0.34 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 65,110.38 | -77,202.92 | -12,092.54 | 1.19 |
| Feb 20, 26 | 421.7 | -1,765.98 | -1,344.28 | 4.19 |
| Mar 20, 26 | 8,278.12 | -7,175.11 | 1,103.01 | 0.87 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 72,375.77 | -48,856.92 | 23,518.85 | 0.68 |