Net delta exposure for SM Energy Company (SM) options was $26.87M per 1% move at the Nov 4, 2026 close. It has been positive on 20 of the last 20 trading days. That is its lowest reading in 12 weeks.
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Delta Exposure by Strike
Showing results for SM, 2026-11-20(m), calls & puts
Delta Exposure Stats
Showing results for SM, 2026-11-20(m), calls & puts
Net Delta Exposure by Expiration
Showing results for SM, 2026-11-20(m), calls & puts. View all expiries
| Expiration | Net DEX | Call DEX | Put DEX | Call Wall | Put Wall |
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SM Delta Exposure FAQ
What is delta exposure (DEX)?
Delta exposure estimates the dollar value of shares option dealers hold or owe as a hedge, per 1% move in the underlying.
Is SM delta exposure positive or negative?
SM Energy net delta exposure was positive on Nov 4, 2026, at $26.87M. It has been positive on 20 of the last 20 trading days.
How has SM delta exposure changed recently?
SM Energy net delta exposure went from $58.26M on Oct 7, 2026 to $26.87M on Nov 4, 2026. See the SM delta exposure history for a longer view.
What is SM Energy Company?
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in Texas and Utah.