Applied Optoelectronics I... (AAOI)
NASDAQ: AAOI
· Real-Time Price · USD
22.39
1.38 (6.57%)
At close: Aug 15, 2025, 3:59 PM
22.69
1.32%
After-hours: Aug 15, 2025, 07:56 PM EDT
AAOI Delta Exposure By Expiry
The total Delta Exposure (DEX) for AAOI across all expirations shows 413,531.53 net shares that market makers must hedge, with 561,442.41 from calls and 147,910.88 from puts. The put-call delta ratio of 0.26 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 154,477.44 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
AAOI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 15,613.91 | -6,614.72 | 8,999.19 | 0.42 |
| Aug 29, 25 | 7,588.02 | -4,686.34 | 2,901.68 | 0.62 |
| Sep 5, 25 | 6,015.62 | -768.65 | 5,246.97 | 0.13 |
| Sep 12, 25 | 3,155.92 | -752.98 | 2,402.94 | 0.24 |
| Sep 19, 25 | 144,026 | -77,684.35 | 66,341.65 | 0.54 |
| Sep 26, 25 | 5,373.92 | -596.57 | 4,777.35 | 0.11 |
| Oct 17, 25 | 6,994.14 | -1,613.65 | 5,380.49 | 0.23 |
| Dec 19, 25 | 108,537.02 | -25,600.79 | 82,936.23 | 0.24 |
| Jan 16, 26 | 180,243.83 | -25,766.39 | 154,477.44 | 0.14 |
| Mar 20, 26 | 16,516.62 | -504.38 | 16,012.24 | 0.03 |
| Jan 15, 27 | 67,377.41 | -3,322.06 | 64,055.35 | 0.05 |