Covenant Logistics Group ... (CVLG)
NASDAQ: CVLG
· Real-Time Price · USD
23.80
-0.46 (-1.90%)
At close: Aug 15, 2025, 3:59 PM
23.83
0.13%
After-hours: Aug 15, 2025, 05:43 PM EDT
CVLG Delta Exposure By Expiry
The total Delta Exposure (DEX) for CVLG across all expirations shows -925.25 net shares that market makers must hedge, with 3,600.31 from calls and 4,525.56 from puts. The put-call delta ratio of 1.26 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Mar 20, 26 with -1,790.07 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
CVLG DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 2,383.46 | -2,436.77 | -53.31 | 1.02 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 1,184.44 | -266.31 | 918.13 | 0.22 |
| Mar 20, 26 | 32.41 | -1,822.48 | -1,790.07 | 56.23 |