Southside Bancshares Inc. (SBSI)
NASDAQ: SBSI
· Real-Time Price · USD
31.22
1.51 (5.08%)
At close: Aug 22, 2025, 3:59 PM
31.21
-0.03%
After-hours: Aug 22, 2025, 05:29 PM EDT
SBSI Delta Exposure By Expiry
The total Delta Exposure (DEX) for SBSI across all expirations shows 596.2 net shares that market makers must hedge, with 698.28 from calls and 102.08 from puts. The put-call delta ratio of 0.15 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Feb 20, 26 with 390.58 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.
SBSI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | -96.06 | -96.06 | n/a |
| Oct 17, 25 | 38.87 | 0 | 38.87 | 0.00 |
| Nov 21, 25 | 268.83 | -6.02 | 262.81 | 0.02 |
| Feb 20, 26 | 390.58 | 0 | 390.58 | 0.00 |
| Jan 1, 31 | 0 | 0 | 0 | n/a |