Bicara Therapeutics Inc. ... (BCAX)
NASDAQ: BCAX
· Real-Time Price · USD
11.66
0.25 (2.19%)
At close: Aug 15, 2025, 3:59 PM
11.64
-0.17%
After-hours: Aug 15, 2025, 05:32 PM EDT
BCAX Delta Exposure By Expiry
The total Delta Exposure (DEX) for BCAX across all expirations shows 229.5 net shares that market makers must hedge, with 390.95 from calls and 161.45 from puts. The put-call delta ratio of 0.41 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 152.29 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.
BCAX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 181.76 | -29.47 | 152.29 | 0.16 |
| Jan 16, 26 | 209.19 | -131.98 | 77.21 | 0.63 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |