First Trust Morningstar D... (FDL)
AMEX: FDL
· Real-Time Price · USD
44.55
0.31 (0.70%)
At close: Aug 29, 2025, 3:59 PM
44.20
-0.80%
After-hours: Aug 29, 2025, 06:40 PM EDT
FDL Delta Exposure By Expiry
The total Delta Exposure (DEX) for FDL across all expirations shows 547.31 net shares that market makers must hedge, with 838.51 from calls and 291.2 from puts. The put-call delta ratio of 0.35 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 19, 25 with 436.88 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.
FDL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 401.63 | -291.2 | 110.43 | 0.73 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 436.88 | 0 | 436.88 | 0.00 |
| Mar 20, 26 | 0 | 0 | 0 | n/a |