AES Corporation (AES)
NYSE: AES
· Real-Time Price · USD
13.37
0.43 (3.32%)
At close: Aug 15, 2025, 1:11 PM
AES Delta Exposure By Expiry
The total Delta Exposure (DEX) for AES across all expirations shows 348,424.15 net shares that market makers must hedge, with 977,445.96 from calls and 629,021.81 from puts. The put-call delta ratio of 0.64 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with 247,382.22 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.
AES DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 16,470.05 | -4,158.57 | 12,311.48 | 0.25 |
| Aug 29, 25 | 5,735.84 | -2,232.4 | 3,503.44 | 0.39 |
| Sep 5, 25 | 3,049.13 | -2,308.88 | 740.25 | 0.76 |
| Sep 12, 25 | 108,560.77 | -2,518.7 | 106,042.07 | 0.02 |
| Sep 19, 25 | 89,282.62 | -27,586.38 | 61,696.24 | 0.31 |
| Sep 26, 25 | 353.47 | -352.66 | 0.81 | 1.00 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 334,064.84 | -86,682.62 | 247,382.22 | 0.26 |
| Jan 16, 26 | 245,456.49 | -379,095.16 | -133,638.67 | 1.54 |
| Feb 20, 26 | 20,594.02 | -47,504.49 | -26,910.47 | 2.31 |
| Jan 15, 27 | 153,878.73 | -76,581.95 | 77,296.78 | 0.50 |