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ProShares Trust UltraShort Lehman 20+ TBT 38.74 -0.39 -1.0%

TBT Delta Exposure (DEX)

TBT (ProShares Trust UltraShort Lehman 20+): Compare call and put delta exposure by strike to understand directional positioning. Free delayed preview.

Previous-day view · Mon Sep 21 close. You are previewing the previous trading day. Subscribe to see today live and every other date — plans start at Delta, $39/mo. Sign up Sign in
ATM IV
0.227
Put Call Ratio (OI)
0.502
Put Call Ratio (Vol)
1.09
IV Rank
34.2
IV Percentile
68.1
Max Pain
39

Delta exposure (2026-09-21)

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.

DTE \text{DTE}
25.0
851.0
| Δ | |\Delta|
0.00
1.00
Moneyness Moneyness
-23.6
23.6
View values by strike
TBT · Delta exposure · 2026-09-21. Delta-weighted share equivalents.
StrikeCallsPuts
23.00 0 -55.5
24.00 0 -98
25.00 1 K -9.15 K
26.00 1.24 K -167
27.00 0 -612
28.00 1.44 K -151
29.00 194 -395
30.00 30.9 K -2.76 K
31.00 10.5 K -1.86 K
32.00 53.2 K -4.84 K
33.00 15.6 K -1.04 K
34.00 36.1 K -4.89 K
35.00 35.3 K -5.04 K
36.00 87.3 K -16 K
37.00 53.9 K -10 K
38.00 66.2 K -49.4 K
39.00 35.8 K -42.4 K
40.00 143 K -20.8 K
41.00 31.4 K -205
42.00 18.2 K -6.17 K
43.00 4.25 K -6.78 K
44.00 1.09 K -247
45.00 11.5 K -1.84 K
46.00 800 0
47.00 263 0
48.00 406 -1.49 K
49.00 399 0
50.00 13.5 K -3.03 K
55.00 4.53 K -8.38 K