Arthur J. Gallagher & Co. (AJG)
NYSE: AJG
· Real-Time Price · USD
293.53
0.12 (0.04%)
At close: Aug 15, 2025, 11:10 AM
AJG Delta Exposure By Expiry
The total Delta Exposure (DEX) for AJG across all expirations shows 987,775.17 net shares that market makers must hedge, with 1,320,150.68 from calls and 332,375.51 from puts. The put-call delta ratio of 0.25 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 18, 26 with 1,078,181.4 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.
AJG DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 61,879.74 | -69,054.36 | -7,174.62 | 1.12 |
| Oct 17, 25 | 84,974.67 | -134,343.06 | -49,368.39 | 1.58 |
| Dec 19, 25 | 33,276.08 | -104,841.17 | -71,565.09 | 3.15 |
| Jan 16, 26 | 61,838.79 | -24,136.92 | 37,701.87 | 0.39 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jul 17, 26 | 0 | 0 | 0 | n/a |
| Dec 18, 26 | 1,078,181.4 | 0 | 1,078,181.4 | 0.00 |