Tradeweb Markets Inc. (TW)
NASDAQ: TW
· Real-Time Price · USD
129.45
-0.96 (-0.74%)
At close: Aug 21, 2025, 3:59 PM
129.00
-0.35%
After-hours: Aug 21, 2025, 07:09 PM EDT
TW Delta Exposure By Expiry
The total Delta Exposure (DEX) for TW across all expirations shows 46,821.19 net shares that market makers must hedge, with 113,019.42 from calls and 66,198.23 from puts. The put-call delta ratio of 0.59 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 21,942.48 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
TW DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 56,107.88 | -34,165.4 | 21,942.48 | 0.61 |
| Oct 17, 25 | 36,305.47 | -24,367.35 | 11,938.12 | 0.67 |
| Dec 19, 25 | 12,018.57 | -3,661.23 | 8,357.34 | 0.30 |
| Jan 16, 26 | 8,338.16 | -3,989.96 | 4,348.2 | 0.48 |
| Apr 17, 26 | 249.34 | -14.29 | 235.05 | 0.06 |