XP Inc. (XP)
NASDAQ: XP
· Real-Time Price · USD
16.17
0.12 (0.75%)
At close: Aug 21, 2025, 3:59 PM
15.96
-1.30%
After-hours: Aug 21, 2025, 06:16 PM EDT
XP Delta Exposure By Expiry
The total Delta Exposure (DEX) for XP across all expirations shows -18,904.98 net shares that market makers must hedge, with 156,132.97 from calls and 175,037.95 from puts. The put-call delta ratio of 1.12 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -25,934.39 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.
XP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 1,757.03 | -3,998.32 | -2,241.29 | 2.28 |
| Sep 5, 25 | 1,047.94 | -830.01 | 217.93 | 0.79 |
| Sep 12, 25 | 1.76 | -391.7 | -389.94 | 222.56 |
| Sep 19, 25 | 68,209.48 | -94,143.87 | -25,934.39 | 1.38 |
| Sep 26, 25 | 144.68 | 0 | 144.68 | 0.00 |
| Oct 17, 25 | 1,700.68 | -476.88 | 1,223.8 | 0.28 |
| Nov 21, 25 | 22,390.67 | -29,781.62 | -7,390.95 | 1.33 |
| Jan 16, 26 | 41,436.66 | -38,391.3 | 3,045.36 | 0.93 |
| Feb 20, 26 | 860.24 | -4,444.37 | -3,584.13 | 5.17 |
| Jan 15, 27 | 18,583.83 | -2,579.88 | 16,003.95 | 0.14 |