Arena Group Inc. (AREN)
AMEX: AREN
· Real-Time Price · USD
6.83
0.13 (1.94%)
At close: Aug 15, 2025, 3:59 PM
6.93
1.46%
After-hours: Aug 15, 2025, 05:59 PM EDT
AREN Delta Exposure By Expiry
The total Delta Exposure (DEX) for AREN across all expirations shows 6,016.54 net shares that market makers must hedge, with 16,425.26 from calls and 10,408.72 from puts. The put-call delta ratio of 0.63 suggests neutral market maker positioning. The largest delta concentration at Feb 20, 26 with 9,875.2 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.
AREN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 449.71 | -8,667.77 | -8,218.06 | 19.27 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 5,299.04 | -939.64 | 4,359.4 | 0.18 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 10,676.51 | -801.31 | 9,875.2 | 0.08 |