Air Products and Chemical... (APD)
NYSE: APD
· Real-Time Price · USD
292.08
-2.13 (-0.72%)
At close: Aug 14, 2025, 3:59 PM
292.17
0.03%
Pre-market: Aug 15, 2025, 08:41 AM EDT
APD Delta Exposure By Expiry
The total Delta Exposure (DEX) for APD across all expirations shows 929,902.36 net shares that market makers must hedge, with 1,301,440.13 from calls and 371,537.77 from puts. The put-call delta ratio of 0.29 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 751,493.99 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.
APD DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 859,234.09 | -107,740.1 | 751,493.99 | 0.13 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 68,166.82 | -18,368.72 | 49,798.1 | 0.27 |
| Jan 16, 26 | 226,298 | -153,260.66 | 73,037.34 | 0.68 |
| Mar 20, 26 | 29,032.17 | -33,300.1 | -4,267.93 | 1.15 |
| Jun 18, 26 | 44,573.8 | -12,134.85 | 32,438.95 | 0.27 |
| Sep 18, 26 | 17,510.42 | -4,923.28 | 12,587.14 | 0.28 |
| Jan 15, 27 | 56,624.83 | -41,810.06 | 14,814.77 | 0.74 |