Smith Micro Software Inc. (SMSI)
NASDAQ: SMSI
· Real-Time Price · USD
0.66
-0.02 (-2.80%)
At close: Aug 20, 2025, 10:15 AM
SMSI Delta Exposure By Expiry
The total Delta Exposure (DEX) for SMSI across all expirations shows 276.41 net shares that market makers must hedge, with 338.79 from calls and 62.38 from puts. The put-call delta ratio of 0.18 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 264.19 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.
SMSI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 3.35 | -36.04 | -32.69 | 10.76 |
| Oct 17, 25 | 63.93 | -19.02 | 44.91 | 0.30 |
| Jan 16, 26 | 271.51 | -7.32 | 264.19 | 0.03 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |