Bread Financial Inc. (BFH)
NYSE: BFH
· Real-Time Price · USD
62.38
2.81 (4.72%)
At close: Aug 22, 2025, 3:59 PM
63.00
0.99%
After-hours: Aug 22, 2025, 07:28 PM EDT
BFH Delta Exposure By Expiry
The total Delta Exposure (DEX) for BFH across all expirations shows 10,800.24 net shares that market makers must hedge, with 33,969.52 from calls and 23,169.28 from puts. The put-call delta ratio of 0.68 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 6,513.53 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
BFH DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 16,150.89 | -17,262.18 | -1,111.29 | 1.07 |
| Oct 17, 25 | 198.83 | 0 | 198.83 | 0.00 |
| Nov 21, 25 | 5,993.91 | -1,068.45 | 4,925.46 | 0.18 |
| Dec 19, 25 | 11,145.3 | -4,631.77 | 6,513.53 | 0.42 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 480.59 | -206.88 | 273.71 | 0.43 |