ARK Space Exploration & I... (ARKX)

The total Delta Exposure (DEX) for ARKX across all expirations shows 15,754.17 net shares that market makers must hedge, with 30,115.28 from calls and 14,361.11 from puts. The put-call delta ratio of 0.48 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Feb 20, 26 with 11,383.88 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.