Century Aluminum (CENX)
NASDAQ: CENX
· Real-Time Price · USD
23.24
-0.32 (-1.36%)
At close: Aug 15, 2025, 3:59 PM
23.09
-0.65%
After-hours: Aug 15, 2025, 07:13 PM EDT
CENX Delta Exposure By Expiry
The total Delta Exposure (DEX) for CENX across all expirations shows 298,322.33 net shares that market makers must hedge, with 370,276.65 from calls and 71,954.32 from puts. The put-call delta ratio of 0.19 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 178,827.52 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.
CENX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 96,700.23 | -36,217.13 | 60,483.1 | 0.37 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 57,861.49 | -16,258.45 | 41,603.04 | 0.28 |
| Jan 16, 26 | 196,363.11 | -17,535.59 | 178,827.52 | 0.09 |
| Mar 20, 26 | 4,782.27 | -1,124.3 | 3,657.97 | 0.24 |
| Jan 15, 27 | 14,569.55 | -818.85 | 13,750.7 | 0.06 |