M&T Bank Corporation (MTB)
NYSE: MTB
· Real-Time Price · USD
193.25
2.89 (1.52%)
At close: Aug 20, 2025, 3:59 PM
193.18
-0.04%
After-hours: Aug 20, 2025, 06:09 PM EDT
MTB Delta Exposure By Expiry
The total Delta Exposure (DEX) for MTB across all expirations shows 159,403.81 net shares that market makers must hedge, with 341,498.13 from calls and 182,094.32 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 70,502.73 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.
MTB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 79,582.81 | -34,967.01 | 44,615.8 | 0.44 |
| Oct 17, 25 | 65,256.79 | -14,252.5 | 51,004.29 | 0.22 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 144,809.1 | -74,306.37 | 70,502.73 | 0.51 |
| Mar 20, 26 | 30,034.72 | -12,496.89 | 17,537.83 | 0.42 |
| Apr 17, 26 | 155.96 | -129.21 | 26.75 | 0.83 |
| Jun 18, 26 | 8,996.21 | -42,705.27 | -33,709.06 | 4.75 |
| Sep 18, 26 | 12,067.26 | -3,237.07 | 8,830.19 | 0.27 |
| Dec 18, 26 | 595.28 | 0 | 595.28 | 0.00 |