International Paper (IP)
NYSE: IP
· Real-Time Price · USD
48.89
0.86 (1.79%)
At close: Aug 22, 2025, 3:59 PM
48.90
0.02%
After-hours: Aug 22, 2025, 05:52 PM EDT
IP Delta Exposure By Expiry
The total Delta Exposure (DEX) for IP across all expirations shows 195,587.99 net shares that market makers must hedge, with 611,156.86 from calls and 415,568.87 from puts. The put-call delta ratio of 0.68 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 61,066.35 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.
IP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 10,023.86 | -1,331.52 | 8,692.34 | 0.13 |
| Sep 5, 25 | 5,527.71 | -3,404.37 | 2,123.34 | 0.62 |
| Sep 12, 25 | 3,806.37 | -1,173.84 | 2,632.53 | 0.31 |
| Sep 19, 25 | 178,654.19 | -117,587.84 | 61,066.35 | 0.66 |
| Sep 26, 25 | 150.13 | -233.81 | -83.68 | 1.56 |
| Oct 3, 25 | 0 | -130.66 | -130.66 | n/a |
| Oct 17, 25 | 99,884.43 | -46,928.88 | 52,955.55 | 0.47 |
| Jan 16, 26 | 182,152.95 | -214,919.85 | -32,766.9 | 1.18 |
| Mar 20, 26 | 49,975.36 | -11,891.68 | 38,083.68 | 0.24 |
| Apr 17, 26 | 596.3 | -403.16 | 193.14 | 0.68 |
| Jun 18, 26 | 12,818.93 | -6,510.42 | 6,308.51 | 0.51 |
| Sep 18, 26 | 1,677.38 | -2,571.5 | -894.12 | 1.53 |
| Jan 15, 27 | 65,889.25 | -8,481.34 | 57,407.91 | 0.13 |