(XLE)
AMEX: XLE
· Real-Time Price · USD
86.39
0.60 (0.70%)
At close: Aug 21, 2025, 3:59 PM
86.49
0.12%
After-hours: Aug 21, 2025, 07:58 PM EDT
XLE Delta Exposure By Expiry
The total Delta Exposure (DEX) for XLE across all expirations shows -12,710,628.69 net shares that market makers must hedge, with 16,133,729.56 from calls and 28,844,358.25 from puts. The put-call delta ratio of 1.79 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with -4,357,721.1 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 29, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
XLE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 213,822.57 | -267,340.73 | -53,518.16 | 1.25 |
| Sep 5, 25 | 93,531.22 | -56,431.61 | 37,099.61 | 0.60 |
| Sep 12, 25 | 26,475.06 | -60,798.87 | -34,323.81 | 2.30 |
| Sep 19, 25 | 3,368,085.39 | -5,345,737.76 | -1,977,652.37 | 1.59 |
| Sep 26, 25 | 13,090.69 | -6,015.91 | 7,074.78 | 0.46 |
| Sep 30, 25 | 456,281.04 | -293,452.03 | 162,829.01 | 0.64 |
| Oct 17, 25 | 822,368.85 | -605,959.25 | 216,409.6 | 0.74 |
| Nov 21, 25 | 340,470.95 | -728,117.12 | -387,646.17 | 2.14 |
| Dec 19, 25 | 2,124,915.27 | -3,487,876.88 | -1,362,961.61 | 1.64 |
| Dec 31, 25 | 272,339.75 | -241,177.93 | 31,161.82 | 0.89 |
| Jan 16, 26 | 1,882,445.03 | -6,240,166.13 | -4,357,721.1 | 3.31 |
| Feb 20, 26 | 17,415.27 | -86,947.57 | -69,532.3 | 4.99 |
| Mar 20, 26 | 1,623,959.82 | -1,704,980.91 | -81,021.09 | 1.05 |
| Mar 31, 26 | 61,967.68 | -106,219.58 | -44,251.9 | 1.71 |
| Jun 18, 26 | 1,327,883.15 | -3,773,217.5 | -2,445,334.35 | 2.84 |
| Jun 30, 26 | 27,722.13 | -2,795.69 | 24,926.44 | 0.10 |
| Sep 18, 26 | 193,170.75 | -429,442.88 | -236,272.13 | 2.22 |
| Dec 18, 26 | 434,367.79 | -1,904,363.32 | -1,469,995.53 | 4.38 |
| Jan 15, 27 | 934,224.37 | -2,388,741.05 | -1,454,516.68 | 2.56 |
| Jun 17, 27 | 26,680.71 | -51,587.94 | -24,907.23 | 1.93 |