Banco Santander S.A. (SAN)
NYSE: SAN
· Real-Time Price · USD
10.29
0.13 (1.28%)
At close: Oct 03, 2025, 3:59 PM
10.30
0.10%
After-hours: Oct 03, 2025, 08:00 PM EDT
SAN Delta Exposure By Expiry
The total Delta Exposure (DEX) for SAN across all expirations shows 113,225.38 net shares that market makers must hedge, with 147,190.9 from calls and 33,965.52 from puts. The put-call delta ratio of 0.23 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
SAN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 7,453.16 | -12,025.72 | -4,572.56 | 1.61 |
| Nov 21, 25 | 2,050.69 | -5,092.48 | -3,041.79 | 2.48 |
| Dec 19, 25 | 101,641.84 | -11,542.2 | 90,099.64 | 0.11 |
| Mar 20, 26 | 31,380.75 | -3,412.25 | 27,968.5 | 0.11 |
| Jan 21, 28 | 4,664.46 | -1,892.87 | 2,771.59 | 0.41 |