Cheesecake Factory (CAKE)
NASDAQ: CAKE
· Real-Time Price · USD
62.95
-0.42 (-0.66%)
At close: Aug 15, 2025, 3:59 PM
63.27
0.51%
After-hours: Aug 15, 2025, 07:53 PM EDT
CAKE Delta Exposure By Expiry
The total Delta Exposure (DEX) for CAKE across all expirations shows 290,972.19 net shares that market makers must hedge, with 364,015.45 from calls and 73,043.26 from puts. The put-call delta ratio of 0.20 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 109,457.48 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.
CAKE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 63,480.53 | -15,673.94 | 47,806.59 | 0.25 |
| Oct 17, 25 | 112,846.2 | -14,175.79 | 98,670.41 | 0.13 |
| Nov 21, 25 | 66,198.56 | -31,160.85 | 35,037.71 | 0.47 |
| Jan 16, 26 | 121,490.16 | -12,032.68 | 109,457.48 | 0.10 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |