Coterra Energy Inc. (CTRA)
NYSE: CTRA
· Real-Time Price · USD
24.04
-0.03 (-0.12%)
At close: Aug 15, 2025, 3:59 PM
24.02
-0.06%
After-hours: Aug 15, 2025, 07:53 PM EDT
CTRA Delta Exposure By Expiry
The total Delta Exposure (DEX) for CTRA across all expirations shows 266,296.79 net shares that market makers must hedge, with 567,241.22 from calls and 300,944.43 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 168,587.73 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
CTRA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 10,465.47 | -7,687.39 | 2,778.08 | 0.73 |
| Aug 29, 25 | 6,784.53 | -3,785.96 | 2,998.57 | 0.56 |
| Sep 5, 25 | 1,496.77 | -630.36 | 866.41 | 0.42 |
| Sep 12, 25 | 496.81 | -912.55 | -415.74 | 1.84 |
| Sep 19, 25 | 8,993.47 | -5,387.32 | 3,606.15 | 0.60 |
| Sep 26, 25 | 76.56 | -146.45 | -69.89 | 1.91 |
| Oct 17, 25 | 130,422.08 | -69,381.63 | 61,040.45 | 0.53 |
| Jan 16, 26 | 225,108.34 | -186,439.36 | 38,668.98 | 0.83 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 9,675.63 | -21,439.58 | -11,763.95 | 2.22 |
| Jan 15, 27 | 173,721.56 | -5,133.83 | 168,587.73 | 0.03 |