Cheetah Mobile Inc. (CMCM)
CMCM Daily Delta Exposure
CMCM's current Delta Exposure (DEX) is -2.55K shares, which is 41% larger than the 3M average of -1.81K shares. During this period, DEX ranged from -3.34K on Jun 10, 2025 to 0 on Jun 12, 2025, with dealers consistently net long, providing natural buying support. Delta exposure has been decreasing recently, reducing dealer buying pressure that supported recent moves. The current put-call delta ratio of 3.34 signals heavy put positioning that could accelerate downside moves. Near extreme DEX levels suggest potential for mean reversion as positions unwind.
DEX History
Date | Call Delta | Put Delta | Net Delta | P/C Delta |
---|---|---|---|---|
Aug 13, 2025 | 1,089.88 | -3,635.83 | -2,545.95 | 3.34 |
Aug 6, 2025 | 1,645.68 | -3,371.7 | -1,726.02 | 2.05 |
Aug 4, 2025 | 1,354.46 | -3,273.18 | -1,918.72 | 2.42 |
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