Barings BDC Inc. (BBDC)
NYSE: BBDC
· Real-Time Price · USD
9.64
-0.01 (-0.10%)
At close: Aug 21, 2025, 3:26 PM
BBDC Delta Exposure By Expiry
The total Delta Exposure (DEX) for BBDC across all expirations shows 1,346.18 net shares that market makers must hedge, with 3,197.73 from calls and 1,851.55 from puts. The put-call delta ratio of 0.58 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 1,170.19 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.
BBDC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 1,172.99 | -1,171.98 | 1.01 | 1.00 |
| Oct 17, 25 | 1.25 | -13.65 | -12.4 | 10.92 |
| Dec 19, 25 | 1,514.53 | -344.34 | 1,170.19 | 0.23 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 508.96 | -321.58 | 187.38 | 0.63 |