ACCO Brands Corporation (ACCO)

The total Delta Exposure (DEX) for ACCO across all expirations shows 645.84 net shares that market makers must hedge, with 931.27 from calls and 285.43 from puts. The put-call delta ratio of 0.31 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Mar 20, 26 with 418.76 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.