Brighthouse Financial Inc... (BHF)
NASDAQ: BHF
· Real-Time Price · USD
45.57
-0.11 (-0.24%)
At close: Aug 18, 2025, 3:59 PM
45.70
0.29%
After-hours: Aug 18, 2025, 05:16 PM EDT
BHF Delta Exposure By Expiry
The total Delta Exposure (DEX) for BHF across all expirations shows -148,557 net shares that market makers must hedge, with 162,149.31 from calls and 310,706.31 from puts. The put-call delta ratio of 1.92 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -126,899.25 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
BHF DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 101,725.69 | -228,624.94 | -126,899.25 | 2.25 |
| Oct 17, 25 | 102.59 | -268.77 | -166.18 | 2.62 |
| Nov 21, 25 | 29,471.38 | -32,388.6 | -2,917.22 | 1.10 |
| Feb 20, 26 | 30,849.65 | -49,424 | -18,574.35 | 1.60 |