BioMarin Pharmaceutical I... (BMRN)
NASDAQ: BMRN
· Real-Time Price · USD
57.51
-0.49 (-0.84%)
At close: Aug 15, 2025, 3:59 PM
58.59
1.89%
After-hours: Aug 15, 2025, 07:22 PM EDT
BMRN Delta Exposure By Expiry
The total Delta Exposure (DEX) for BMRN across all expirations shows 76,027.17 net shares that market makers must hedge, with 403,054.48 from calls and 327,027.31 from puts. The put-call delta ratio of 0.81 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with -95,374.24 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
BMRN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 50,640.72 | -17,779.75 | 32,860.97 | 0.35 |
| Oct 17, 25 | 121,192.94 | -72,660.22 | 48,532.72 | 0.60 |
| Jan 16, 26 | 103,644.17 | -199,018.41 | -95,374.24 | 1.92 |
| Apr 17, 26 | 421.44 | 0 | 421.44 | 0.00 |
| Jan 15, 27 | 127,155.21 | -37,568.93 | 89,586.28 | 0.30 |