BJ's Restaurants Inc. (BJRI)
NASDAQ: BJRI
· Real-Time Price · USD
35.10
-0.36 (-1.02%)
At close: Aug 15, 2025, 2:02 PM
BJRI Delta Exposure By Expiry
The total Delta Exposure (DEX) for BJRI across all expirations shows 12,802.35 net shares that market makers must hedge, with 29,405.5 from calls and 16,603.15 from puts. The put-call delta ratio of 0.56 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 11,215.9 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.
BJRI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 343.69 | -277.09 | 66.6 | 0.81 |
| Oct 17, 25 | 24,756.63 | -13,540.73 | 11,215.9 | 0.55 |
| Nov 21, 25 | 755.81 | -649.9 | 105.91 | 0.86 |
| Dec 19, 25 | 1,724.26 | -1,337.06 | 387.2 | 0.78 |
| Jan 16, 26 | 1,825.11 | -798.37 | 1,026.74 | 0.44 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |