Xcel Energy Inc. (XEL)
NASDAQ: XEL
· Real-Time Price · USD
74.09
0.93 (1.27%)
At close: Aug 22, 2025, 12:35 PM
XEL Delta Exposure By Expiry
The total Delta Exposure (DEX) for XEL across all expirations shows 76,174.69 net shares that market makers must hedge, with 162,723.37 from calls and 86,548.68 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 29,950.53 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.
XEL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 47,204.78 | -17,254.25 | 29,950.53 | 0.37 |
| Oct 17, 25 | 851.02 | -79.6 | 771.42 | 0.09 |
| Dec 19, 25 | 87,241.04 | -61,709.5 | 25,531.54 | 0.71 |
| Mar 20, 26 | 27,426.53 | -7,505.33 | 19,921.2 | 0.27 |