(TMF)
AMEX: TMF
· Real-Time Price · USD
37.56
1.40 (3.87%)
At close: Sep 03, 2025, 2:40 PM
TMF Delta Exposure By Expiry
The total Delta Exposure (DEX) for TMF across all expirations shows 434,059.4 net shares that market makers must hedge, with 1,798,729.42 from calls and 1,364,670.02 from puts. The put-call delta ratio of 0.76 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 368,379.6 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 5, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
TMF DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 5, 25 | 120,627.29 | -126,941.52 | -6,314.23 | 1.05 |
| Sep 12, 25 | 69,458.08 | -158,535.93 | -89,077.85 | 2.28 |
| Sep 19, 25 | 138,636.33 | -174,077.66 | -35,441.33 | 1.26 |
| Sep 26, 25 | 83,990.79 | -178,564.7 | -94,573.91 | 2.13 |
| Oct 3, 25 | 30,528.5 | -15,262.92 | 15,265.58 | 0.50 |
| Oct 10, 25 | 773.18 | -3,012.58 | -2,239.4 | 3.90 |
| Oct 17, 25 | 37,227.56 | -83,655.25 | -46,427.69 | 2.25 |
| Nov 21, 25 | 153,964.36 | -250,211.21 | -96,246.85 | 1.63 |
| Jan 16, 26 | 660,900.9 | -292,521.3 | 368,379.6 | 0.44 |
| Feb 20, 26 | 107,505.4 | -37,707.66 | 69,797.74 | 0.35 |
| Jan 15, 27 | 395,117.03 | -44,179.29 | 350,937.74 | 0.11 |