ACNB Corporation (ACNB)
NASDAQ: ACNB
· Real-Time Price · USD
44.08
-1.04 (-2.30%)
At close: Aug 15, 2025, 3:59 PM
44.11
0.07%
After-hours: Aug 15, 2025, 04:04 PM EDT
ACNB Delta Exposure By Expiry
The total Delta Exposure (DEX) for ACNB across all expirations shows -1,999.79 net shares that market makers must hedge, with 100.62 from calls and 2,100.41 from puts. The put-call delta ratio of 20.87 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with -2,059.48 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
ACNB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 15.87 | 0 | 15.87 | 0.00 |
| Oct 17, 25 | 84.75 | -40.93 | 43.82 | 0.48 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 0 | -2,059.48 | -2,059.48 | n/a |
| Apr 17, 26 | 0 | 0 | 0 | n/a |