AXIS Capital Limited (AXS)
NYSE: AXS
· Real-Time Price · USD
95.42
-1.91 (-1.96%)
At close: Aug 15, 2025, 3:59 PM
95.25
-0.18%
After-hours: Aug 15, 2025, 05:57 PM EDT
AXS Delta Exposure By Expiry
The total Delta Exposure (DEX) for AXS across all expirations shows 22,076.34 net shares that market makers must hedge, with 41,741.58 from calls and 19,665.24 from puts. The put-call delta ratio of 0.47 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Oct 17, 25 with 13,557.99 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.
AXS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 4,116.41 | -5,041.07 | -924.66 | 1.22 |
| Oct 17, 25 | 21,547.09 | -7,989.1 | 13,557.99 | 0.37 |
| Dec 19, 25 | 15,524.01 | -6,309.9 | 9,214.11 | 0.41 |
| Mar 20, 26 | 554.07 | -325.17 | 228.9 | 0.59 |