Agenus Inc. (AGEN)
NASDAQ: AGEN
· Real-Time Price · USD
4.62
0.07 (1.54%)
At close: Aug 15, 2025, 2:36 PM
AGEN Delta Exposure By Expiry
The total Delta Exposure (DEX) for AGEN across all expirations shows 21,556.42 net shares that market makers must hedge, with 24,759.42 from calls and 3,203 from puts. The put-call delta ratio of 0.13 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 15,438.04 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.
AGEN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5,430.06 | -469.23 | 4,960.83 | 0.09 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 18,084.44 | -2,646.4 | 15,438.04 | 0.15 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 1,244.92 | -87.37 | 1,157.55 | 0.07 |