Commercial Metals (CMC)
NYSE: CMC
· Real-Time Price · USD
57.13
-1.23 (-2.11%)
At close: Aug 14, 2025, 3:59 PM
57.13
0.00%
Pre-market: Aug 15, 2025, 08:44 AM EDT
CMC Delta Exposure By Expiry
The total Delta Exposure (DEX) for CMC across all expirations shows 195,130.08 net shares that market makers must hedge, with 223,022.79 from calls and 27,892.71 from puts. The put-call delta ratio of 0.13 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 85,774.41 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.
CMC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 72,689 | -11,638.72 | 61,050.28 | 0.16 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 98,014.46 | -12,240.05 | 85,774.41 | 0.12 |
| Dec 19, 25 | 47,947.89 | -3,405.56 | 44,542.33 | 0.07 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 4,371.44 | -608.38 | 3,763.06 | 0.14 |