ADMA Biologics Inc. (ADMA)

The total Delta Exposure (DEX) for ADMA across all expirations shows 195,748.08 net shares that market makers must hedge, with 309,765.57 from calls and 114,017.49 from puts. The put-call delta ratio of 0.37 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 81,589.79 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.