ConocoPhillips (COP)
NYSE: COP
· Real-Time Price · USD
98.49
1.68 (1.74%)
At close: Sep 26, 2025, 3:59 PM
98.66
0.17%
After-hours: Sep 26, 2025, 07:53 PM EDT
COP Delta Exposure By Expiry
The total Delta Exposure (DEX) for COP across all expirations shows -353,904.85 net shares that market makers must hedge, with 4,296,163.41 from calls and 4,650,068.26 from puts. The put-call delta ratio of 1.08 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
COP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 3, 25 | 126,453.47 | -91,465.9 | 34,987.57 | 0.72 |
| Oct 10, 25 | 69,271.19 | -58,149.64 | 11,121.55 | 0.84 |
| Oct 17, 25 | 794,586.77 | -920,434.29 | -125,847.52 | 1.16 |
| Oct 24, 25 | 78,787.82 | -27,387.05 | 51,400.77 | 0.35 |
| Oct 31, 25 | 23,807.8 | -2,220.95 | 21,586.85 | 0.09 |
| Nov 7, 25 | 773.15 | 0 | 773.15 | 0.00 |
| Nov 21, 25 | 657,696.91 | -446,368.61 | 211,328.3 | 0.68 |
| Dec 19, 25 | 173,728.35 | -66,493.74 | 107,234.61 | 0.38 |
| Jan 16, 26 | 1,206,519.18 | -1,657,067.31 | -450,548.13 | 1.37 |
| Feb 20, 26 | 125,540.47 | -89,487.58 | 36,052.89 | 0.71 |
| Mar 20, 26 | 172,291.22 | -160,012.68 | 12,278.54 | 0.93 |
| Apr 17, 26 | 4,817.64 | -1,025.07 | 3,792.57 | 0.21 |
| May 15, 26 | 2,137.29 | -5,914.41 | -3,777.12 | 2.77 |
| Jun 18, 26 | 262,154.27 | -293,200.3 | -31,046.03 | 1.12 |
| Sep 18, 26 | 64,923.59 | -45,369.83 | 19,553.76 | 0.70 |
| Dec 18, 26 | 137,185.3 | -288,128.4 | -150,943.1 | 2.10 |
| Jan 15, 27 | 274,662.47 | -415,507.58 | -140,845.11 | 1.51 |
| Dec 17, 27 | 87,798.13 | -77,506.24 | 10,291.89 | 0.88 |
| Jan 21, 28 | 33,028.39 | -4,328.68 | 28,699.71 | 0.13 |