Alcoa Corporation (AA)
NYSE: AA
· Real-Time Price · USD
33.80
-0.71 (-2.04%)
At close: Oct 06, 2025, 3:59 PM
33.61
-0.55%
After-hours: Oct 06, 2025, 07:53 PM EDT
AA Delta Exposure By Expiry
The total Delta Exposure (DEX) for AA across all expirations shows 1,211,377.1 net shares that market makers must hedge, with 2,185,006.62 from calls and 973,629.52 from puts. The put-call delta ratio of 0.45 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
AA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 10, 25 | 117,637.51 | -54,480.89 | 63,156.62 | 0.46 |
| Oct 17, 25 | 518,816.33 | -102,917.15 | 415,899.18 | 0.20 |
| Oct 24, 25 | 129,214.43 | -32,619.4 | 96,595.03 | 0.25 |
| Oct 31, 25 | 10,669.46 | -20,956.43 | -10,286.97 | 1.96 |
| Nov 7, 25 | 2,027.62 | -1,874.84 | 152.78 | 0.92 |
| Nov 14, 25 | 292.57 | -43.8 | 248.77 | 0.15 |
| Nov 21, 25 | 286,630.45 | -32,507.37 | 254,123.08 | 0.11 |
| Dec 19, 25 | 19,344.11 | -18,649.33 | 694.78 | 0.96 |
| Jan 16, 26 | 397,295.17 | -320,681.69 | 76,613.48 | 0.81 |
| Mar 20, 26 | 275,556.39 | -93,822.54 | 181,733.85 | 0.34 |
| Apr 17, 26 | 9,283.68 | -1,951.08 | 7,332.6 | 0.21 |
| Jun 18, 26 | 139,599.94 | -113,310.87 | 26,289.07 | 0.81 |
| Sep 18, 26 | 41,341.49 | -15,021.05 | 26,320.44 | 0.36 |
| Dec 18, 26 | 48,260.7 | -23,282.48 | 24,978.22 | 0.48 |
| Jan 15, 27 | 182,244.88 | -140,076.54 | 42,168.34 | 0.77 |
| Jan 21, 28 | 6,791.89 | -1,434.06 | 5,357.83 | 0.21 |