(IWB)
AMEX: IWB
· Real-Time Price · USD
350.21
-1.04 (-0.30%)
At close: Aug 20, 2025, 3:59 PM
350.20
0.00%
Pre-market: Aug 21, 2025, 06:18 AM EDT
IWB Delta Exposure By Expiry
The total Delta Exposure (DEX) for IWB across all expirations shows 98,398.86 net shares that market makers must hedge, with 107,731.31 from calls and 9,332.45 from puts. The put-call delta ratio of 0.09 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 79,920.69 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.
IWB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5,119.06 | -6,678.53 | -1,559.47 | 1.30 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 80,520.04 | -599.35 | 79,920.69 | 0.01 |
| Dec 19, 25 | 13,038.13 | -310.2 | 12,727.93 | 0.02 |
| Feb 20, 26 | 5,420.53 | -1,039.99 | 4,380.54 | 0.19 |
| Jun 18, 26 | 2,537.07 | -391.27 | 2,145.8 | 0.15 |
| Dec 18, 26 | 1,096.48 | -313.11 | 783.37 | 0.29 |