Canadian National Railway (CNI)
NYSE: CNI
· Real-Time Price · USD
93.19
0.43 (0.46%)
At close: Aug 15, 2025, 11:42 AM
CNI Delta Exposure By Expiry
The total Delta Exposure (DEX) for CNI across all expirations shows 60,327.45 net shares that market makers must hedge, with 182,498.99 from calls and 122,171.54 from puts. The put-call delta ratio of 0.67 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 39,974.83 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.
CNI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 62,224.8 | -22,748.27 | 39,476.53 | 0.37 |
| Oct 17, 25 | 98,590.55 | -58,615.72 | 39,974.83 | 0.59 |
| Jan 16, 26 | 21,683.64 | -40,807.55 | -19,123.91 | 1.88 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |