Avadel Pharmaceuticals (AVDL)
NASDAQ: AVDL
· Real-Time Price · USD
13.69
0.19 (1.41%)
At close: Aug 15, 2025, 3:59 PM
13.55
-0.99%
After-hours: Aug 15, 2025, 04:39 PM EDT
AVDL Delta Exposure By Expiry
The total Delta Exposure (DEX) for AVDL across all expirations shows 262,124.32 net shares that market makers must hedge, with 275,283.04 from calls and 13,158.72 from puts. The put-call delta ratio of 0.05 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 180,202.1 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.
AVDL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 46,038.6 | -681.14 | 45,357.46 | 0.01 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 12,438.86 | -68.25 | 12,370.61 | 0.01 |
| Jan 16, 26 | 192,551.12 | -12,349.02 | 180,202.1 | 0.06 |
| Mar 20, 26 | 3,747.1 | -15.03 | 3,732.07 | 0.00 |
| Jan 15, 27 | 20,507.36 | -45.28 | 20,462.08 | 0.00 |