Broadstone Net Lease Inc. (BNL)
NYSE: BNL
· Real-Time Price · USD
16.75
0.04 (0.24%)
At close: Aug 15, 2025, 3:59 PM
16.78
0.15%
After-hours: Aug 15, 2025, 05:43 PM EDT
BNL Delta Exposure By Expiry
The total Delta Exposure (DEX) for BNL across all expirations shows 6,309.74 net shares that market makers must hedge, with 13,522.21 from calls and 7,212.47 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with 6,066.91 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.
BNL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 312.69 | -14.62 | 298.07 | 0.05 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 6,940.68 | -873.77 | 6,066.91 | 0.13 |
| Feb 20, 26 | 6,268.84 | -6,324.08 | -55.24 | 1.01 |