Catalent Inc. (CTLT)

The total Delta Exposure (DEX) for CTLT across all expirations shows 113,897.84 net shares that market makers must hedge, with 113,897.84 from calls and 0 from puts. The put-call delta ratio of 0.00 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 19, 25 with 113,897.84 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Dec 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.