(IAU)
AMEX: IAU
· Real-Time Price · USD
63.42
-0.16 (-0.25%)
At close: Aug 25, 2025, 3:59 PM
63.23
-0.31%
After-hours: Aug 25, 2025, 07:59 PM EDT
IAU Delta Exposure By Expiry
The total Delta Exposure (DEX) for IAU across all expirations shows 1,888,424.21 net shares that market makers must hedge, with 2,316,380.88 from calls and 427,956.67 from puts. The put-call delta ratio of 0.18 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 549,166.32 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
IAU DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 20,086.25 | -6,406.86 | 13,679.39 | 0.32 |
| Sep 5, 25 | 13,363.7 | -2,502.48 | 10,861.22 | 0.19 |
| Sep 12, 25 | 11,090.11 | -6,675.44 | 4,414.67 | 0.60 |
| Sep 19, 25 | 86,543.63 | -14,810.57 | 71,733.06 | 0.17 |
| Sep 26, 25 | 10,220.94 | -1,274.39 | 8,946.55 | 0.12 |
| Oct 3, 25 | 43.32 | 0 | 43.32 | 0.00 |
| Oct 17, 25 | 778,994.56 | -229,828.24 | 549,166.32 | 0.30 |
| Jan 16, 26 | 683,459.97 | -153,390 | 530,069.97 | 0.22 |
| Apr 17, 26 | 1,147.94 | -134.37 | 1,013.57 | 0.12 |
| May 15, 26 | 247,465.05 | -5,322.57 | 242,142.48 | 0.02 |
| Jan 15, 27 | 463,965.41 | -7,611.75 | 456,353.66 | 0.02 |