Bath & Body Works Inc. (BBWI)
NYSE: BBWI
· Real-Time Price · USD
29.52
-0.30 (-1.01%)
At close: Aug 20, 2025, 10:31 AM
BBWI Delta Exposure By Expiry
The total Delta Exposure (DEX) for BBWI across all expirations shows 148,765.81 net shares that market makers must hedge, with 839,452.4 from calls and 690,686.59 from puts. The put-call delta ratio of 0.82 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 163,309.6 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
BBWI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 26,532.65 | -61,563.7 | -35,031.05 | 2.32 |
| Aug 29, 25 | 94,791.32 | -57,142.42 | 37,648.9 | 0.60 |
| Sep 5, 25 | 54,764.46 | -148,374.84 | -93,610.38 | 2.71 |
| Sep 12, 25 | 89,674.66 | -136,247.29 | -46,572.63 | 1.52 |
| Sep 19, 25 | 229,894.85 | -66,585.25 | 163,309.6 | 0.29 |
| Sep 26, 25 | 1,478.45 | -715.5 | 762.95 | 0.48 |
| Oct 17, 25 | 4,317.56 | -11,068.78 | -6,751.22 | 2.56 |
| Nov 21, 25 | 168,006.37 | -113,344.12 | 54,662.25 | 0.67 |
| Jan 16, 26 | 96,159.78 | -58,728.47 | 37,431.31 | 0.61 |
| Feb 20, 26 | 5,715.38 | -6,360.38 | -645 | 1.11 |
| Mar 20, 26 | 8,960.06 | -7,661.22 | 1,298.84 | 0.86 |
| Jun 18, 26 | 38,524.29 | -17,191.57 | 21,332.72 | 0.45 |
| Jan 15, 27 | 20,632.57 | -5,703.05 | 14,929.52 | 0.28 |