JPMorgan Chase & Co. (JPM)
NYSE: JPM
· Real-Time Price · USD
296.55
5.08 (1.74%)
At close: Aug 22, 2025, 12:35 PM
JPM Delta Exposure By Expiry
The total Delta Exposure (DEX) for JPM across all expirations shows 39,731,922.35 net shares that market makers must hedge, with 52,889,187.74 from calls and 13,157,265.39 from puts. The put-call delta ratio of 0.25 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 12,718,868.97 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.
JPM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 720,287.56 | -508,144.33 | 212,143.23 | 0.71 |
| Sep 5, 25 | 157,089.84 | -165,447.85 | -8,358.01 | 1.05 |
| Sep 12, 25 | 125,892.92 | -69,400.42 | 56,492.5 | 0.55 |
| Sep 19, 25 | 10,154,605.44 | -2,364,447.95 | 7,790,157.49 | 0.23 |
| Sep 26, 25 | 90,423.46 | -89,179.89 | 1,243.57 | 0.99 |
| Oct 3, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 3,910,405.48 | -1,117,433.08 | 2,792,972.4 | 0.29 |
| Nov 21, 25 | 1,797,710.92 | -740,034.19 | 1,057,676.73 | 0.41 |
| Dec 19, 25 | 8,833,420.21 | -1,568,497.62 | 7,264,922.59 | 0.18 |
| Jan 16, 26 | 15,255,610.72 | -2,536,741.75 | 12,718,868.97 | 0.17 |
| Feb 20, 26 | 82,640.69 | -142,616.76 | -59,976.07 | 1.73 |
| Mar 20, 26 | 2,551,402.95 | -675,003.35 | 1,876,399.6 | 0.26 |
| May 15, 26 | 75,943.49 | -49,428.02 | 26,515.47 | 0.65 |
| Jun 18, 26 | 2,337,037.42 | -1,004,227.51 | 1,332,809.91 | 0.43 |
| Aug 21, 26 | 9,299.04 | -14,119.95 | -4,820.91 | 1.52 |
| Sep 18, 26 | 247,818 | -185,627.15 | 62,190.85 | 0.75 |
| Dec 18, 26 | 1,213,475.26 | -440,730.24 | 772,745.02 | 0.36 |
| Jan 15, 27 | 3,942,116.05 | -1,161,563.02 | 2,780,553.03 | 0.29 |
| Jun 17, 27 | 80,084.27 | -92,573.05 | -12,488.78 | 1.16 |
| Dec 17, 27 | 1,303,924.02 | -232,049.26 | 1,071,874.76 | 0.18 |