First Trust Water ETF FIW 105.39 0.25 0.24%

FIW Delta Exposure (DEX)

FIW (First Trust Water ETF): Compare call and put delta exposure by strike to understand directional positioning. Free delayed preview.

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ATM IV

0.196

Put Call Ratio (OI)

0.16

Put Call Ratio (Vol)

0.255

IV Rank

18.8

IV Percentile

64.6

Max Pain

109

Delta exposure (2026-09-21)

Delta

Delta approximates how many cents the option moves for a $1 move in the underlying.
A 0.50 call gains ~$0.50 if the stock goes up $1. Delta also approximates the option's probability of finishing in the money.

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|\Delta|

Moneyness

View values by strike

FIW · Delta exposure · 2026-09-21. Delta-weighted share equivalents.
Strike	Calls	Puts
85.00	0	-16.4
90.00	0	-13.6
95.00	0	-16.5
98.00	0	-25.6
99.00	0	-51.1
100.00	76.6	-25.6
101.00	0	-60.5
105.00	57.5	0
107.00	47.3	0
108.00	0	-65.9
109.00	0	-135
110.00	743	0
111.00	33.4	0
114.00	117	0
115.00	805	0
120.00	103	0
125.00	16.2	0
130.00	183	0
135.00	6.1	0

FIW First Trust Water ETF FIW 105.39 0.25 0.24%

FIW Delta Exposure (DEX)

Delta exposure (2026-09-21) Delta Delta approximates how many cents the option moves for a $1 move in the underlying.A 0.50 call gains ~$0.50 if the stock goes up $1. Delta also approximates the option's probability of finishing in the money. Got it

First Trust Water ETF FIW 105.39 0.25 0.24%

Delta exposure (2026-09-21)

Delta

Delta approximates how many cents the option moves for a $1 move in the underlying.
A 0.50 call gains ~$0.50 if the stock goes up $1. Delta also approximates the option's probability of finishing in the money.