Biohaven Ltd. (BHVN)
NYSE: BHVN
· Real-Time Price · USD
15.72
1.49 (10.47%)
At close: Aug 15, 2025, 3:59 PM
15.75
0.19%
After-hours: Aug 15, 2025, 07:51 PM EDT
BHVN Delta Exposure By Expiry
The total Delta Exposure (DEX) for BHVN across all expirations shows 276,608.35 net shares that market makers must hedge, with 360,365.23 from calls and 83,756.88 from puts. The put-call delta ratio of 0.23 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 19, 25 with 182,830.13 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.
BHVN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 25,550.01 | -11,256.2 | 14,293.81 | 0.44 |
| Oct 17, 25 | 67,018.99 | -6,118.54 | 60,900.45 | 0.09 |
| Nov 21, 25 | 3,805.24 | -630.41 | 3,174.83 | 0.17 |
| Dec 19, 25 | 230,572.35 | -47,742.22 | 182,830.13 | 0.21 |
| Jan 16, 26 | 23,889.12 | -16,104.43 | 7,784.69 | 0.67 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Dec 18, 26 | 1,347.86 | -1,373.46 | -25.6 | 1.02 |
| Jan 15, 27 | 8,181.66 | -531.62 | 7,650.04 | 0.06 |