Snap Inc. (SNAP)
NYSE: SNAP
· Real-Time Price · USD
7.33
0.17 (2.45%)
At close: Aug 18, 2025, 3:59 PM
7.34
0.14%
Pre-market: Aug 19, 2025, 06:21 AM EDT
SNAP Delta Exposure By Expiry
The total Delta Exposure (DEX) for SNAP across all expirations shows 184,963.51 net shares that market makers must hedge, with 1,772,514 from calls and 1,587,550.49 from puts. The put-call delta ratio of 0.90 suggests neutral market maker positioning. The largest delta concentration at Jun 18, 26 with 251,968.6 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
SNAP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 59,276.6 | -73,596.09 | -14,319.49 | 1.24 |
| Aug 29, 25 | 32,850.15 | -86,048.57 | -53,198.42 | 2.62 |
| Sep 5, 25 | 30,616.67 | -35,027.38 | -4,410.71 | 1.14 |
| Sep 12, 25 | 21,547.85 | -28,816.61 | -7,268.76 | 1.34 |
| Sep 19, 25 | 119,435.55 | -280,917.57 | -161,482.02 | 2.35 |
| Sep 26, 25 | 10,505.08 | -18,800.47 | -8,295.39 | 1.79 |
| Oct 17, 25 | 157,683.39 | -231,485.13 | -73,801.74 | 1.47 |
| Nov 21, 25 | 93,535.67 | -157,011.42 | -63,475.75 | 1.68 |
| Dec 19, 25 | 87,840.12 | -36,401.04 | 51,439.08 | 0.41 |
| Jan 16, 26 | 303,588.31 | -320,778.24 | -17,189.93 | 1.06 |
| Mar 20, 26 | 184,803.61 | -75,498.26 | 109,305.35 | 0.41 |
| Apr 17, 26 | 1,800.5 | -4.1 | 1,796.4 | 0.00 |
| Jun 18, 26 | 406,462.32 | -154,493.72 | 251,968.6 | 0.38 |
| Jan 15, 27 | 262,568.18 | -88,671.89 | 173,896.29 | 0.34 |