First Internet Bancorp (INBK)
NASDAQ: INBK
· Real-Time Price · USD
23.11
0.23 (1.01%)
At close: Aug 18, 2025, 3:59 PM
23.37
1.15%
After-hours: Aug 18, 2025, 05:48 PM EDT
INBK Delta Exposure By Expiry
The total Delta Exposure (DEX) for INBK across all expirations shows 330.44 net shares that market makers must hedge, with 666.24 from calls and 335.8 from puts. The put-call delta ratio of 0.50 suggests neutral market maker positioning. The largest delta concentration at Feb 20, 26 with 277.05 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.
INBK DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 70.91 | -203.63 | -132.72 | 2.87 |
| Oct 17, 25 | 0 | -4.36 | -4.36 | n/a |
| Nov 21, 25 | 249.36 | -58.89 | 190.47 | 0.24 |
| Feb 20, 26 | 345.97 | -68.92 | 277.05 | 0.20 |