APA Corporation (APA)
NASDAQ: APA
· Real-Time Price · USD
20.50
-0.06 (-0.29%)
At close: Aug 14, 2025, 3:59 PM
20.35
-0.77%
After-hours: Aug 14, 2025, 07:25 PM EDT
APA Delta Exposure By Expiry
The total Delta Exposure (DEX) for APA across all expirations shows 978,456.55 net shares that market makers must hedge, with 1,515,656.91 from calls and 537,200.36 from puts. The put-call delta ratio of 0.35 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 15, 27 with 429,178.12 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.
APA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 131,007.67 | -10,672.02 | 120,335.65 | 0.08 |
| Aug 29, 25 | 50,867.08 | -6,882.79 | 43,984.29 | 0.14 |
| Sep 5, 25 | 8,256.87 | -2,949.76 | 5,307.11 | 0.36 |
| Sep 12, 25 | 7,799.88 | -5,579.34 | 2,220.54 | 0.72 |
| Sep 19, 25 | 245,268.77 | -82,691 | 162,577.77 | 0.34 |
| Sep 26, 25 | 2,776.82 | -332.5 | 2,444.32 | 0.12 |
| Oct 17, 25 | 163,945.82 | -75,965.73 | 87,980.09 | 0.46 |
| Jan 16, 26 | 227,585.59 | -202,108.3 | 25,477.29 | 0.89 |
| Mar 20, 26 | 83,359.63 | -28,793.6 | 54,566.03 | 0.35 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 88,445.63 | -44,060.29 | 44,385.34 | 0.50 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 506,343.15 | -77,165.03 | 429,178.12 | 0.15 |