Banc of California Inc. (BANC)
NYSE: BANC
· Real-Time Price · USD
16.32
0.03 (0.18%)
At close: Aug 25, 2025, 1:52 PM
BANC Delta Exposure By Expiry
The total Delta Exposure (DEX) for BANC across all expirations shows 334,063.88 net shares that market makers must hedge, with 420,376.24 from calls and 86,312.36 from puts. The put-call delta ratio of 0.21 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Oct 17, 25 with 213,265.54 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.
BANC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 14,729.22 | -1,320.85 | 13,408.37 | 0.09 |
| Oct 17, 25 | 289,222.25 | -75,956.71 | 213,265.54 | 0.26 |
| Jan 16, 26 | 115,892.91 | -9,025.84 | 106,867.07 | 0.08 |
| Apr 17, 26 | 531.86 | -8.96 | 522.9 | 0.02 |