(ITA)
CBOE: ITA
· Real-Time Price · USD
193.08
-2.85 (-1.45%)
At close: Aug 19, 2025, 12:53 PM
ITA Delta Exposure By Expiry
The total Delta Exposure (DEX) for ITA across all expirations shows 630,586.21 net shares that market makers must hedge, with 807,587.59 from calls and 177,001.38 from puts. The put-call delta ratio of 0.22 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 19, 25 with 347,571.15 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
ITA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 19,592.72 | -18,616.45 | 976.27 | 0.95 |
| Oct 17, 25 | 173,593.71 | -10,769.46 | 162,824.25 | 0.06 |
| Dec 19, 25 | 371,446.38 | -23,875.23 | 347,571.15 | 0.06 |
| Jan 16, 26 | 242,913.82 | -123,740.24 | 119,173.58 | 0.51 |
| Apr 17, 26 | 40.96 | 0 | 40.96 | 0.00 |