Curbline Properties Corp. (CURB)

The total Delta Exposure (DEX) for CURB across all expirations shows -104.73 net shares that market makers must hedge, with 104.79 from calls and 209.52 from puts. The put-call delta ratio of 2.00 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Dec 19, 25 with -109.28 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.