Carpenter Technology Corp... (CRS)
NYSE: CRS
· Real-Time Price · USD
242.97
-3.50 (-1.42%)
At close: Aug 15, 2025, 3:59 PM
243.16
0.08%
After-hours: Aug 15, 2025, 04:54 PM EDT
CRS Delta Exposure By Expiry
The total Delta Exposure (DEX) for CRS across all expirations shows 343,683.03 net shares that market makers must hedge, with 720,705.27 from calls and 377,022.24 from puts. The put-call delta ratio of 0.52 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 194,381.36 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.
CRS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 379,953.39 | -185,572.03 | 194,381.36 | 0.49 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 130,669.12 | -51,294.82 | 79,374.3 | 0.39 |
| Dec 19, 25 | 144,725.62 | -126,742.17 | 17,983.45 | 0.88 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 65,357.14 | -13,413.22 | 51,943.92 | 0.21 |