CF Industries Inc. (CF)
NYSE: CF
· Real-Time Price · USD
85.89
0.62 (0.73%)
At close: Aug 15, 2025, 3:59 PM
85.90
0.01%
After-hours: Aug 15, 2025, 05:43 PM EDT
CF Delta Exposure By Expiry
The total Delta Exposure (DEX) for CF across all expirations shows -277,391.34 net shares that market makers must hedge, with 876,867.31 from calls and 1,154,258.65 from puts. The put-call delta ratio of 1.32 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with -109,443.41 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 22, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
CF DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 24,210.05 | -29,570.06 | -5,360.01 | 1.22 |
| Aug 29, 25 | 14,179.35 | -6,490.48 | 7,688.87 | 0.46 |
| Sep 5, 25 | 2,323.74 | -4,536.84 | -2,213.1 | 1.95 |
| Sep 12, 25 | 2,543.05 | -862.66 | 1,680.39 | 0.34 |
| Sep 19, 25 | 200,455.99 | -293,965.23 | -93,509.24 | 1.47 |
| Sep 26, 25 | 1,169.75 | -1,510.78 | -341.03 | 1.29 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 40,188.14 | -70,196.72 | -30,008.58 | 1.75 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 419,098.16 | -528,541.57 | -109,443.41 | 1.26 |
| Feb 20, 26 | 3,254.48 | -2,865.96 | 388.52 | 0.88 |
| Mar 20, 26 | 28,110.44 | -23,438.05 | 4,672.39 | 0.83 |
| Jun 18, 26 | 61,265.11 | -67,843.74 | -6,578.63 | 1.11 |
| Sep 18, 26 | 2,060.78 | -11,160.94 | -9,100.16 | 5.42 |
| Jan 15, 27 | 78,008.27 | -113,275.62 | -35,267.35 | 1.45 |