Clearwater Analytics Inc... (CWAN)
NYSE: CWAN
· Real-Time Price · USD
19.23
-0.14 (-0.72%)
At close: Aug 15, 2025, 3:59 PM
19.49
1.33%
After-hours: Aug 15, 2025, 07:41 PM EDT
CWAN Delta Exposure By Expiry
The total Delta Exposure (DEX) for CWAN across all expirations shows 114,740.74 net shares that market makers must hedge, with 160,240.45 from calls and 45,499.71 from puts. The put-call delta ratio of 0.28 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at May 15, 26 with 54,323.98 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
CWAN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 25,843.42 | -37,277.24 | -11,433.82 | 1.44 |
| Oct 17, 25 | 5,686.05 | -1,105.28 | 4,580.77 | 0.19 |
| Dec 19, 25 | 48,356.08 | -4,909.9 | 43,446.18 | 0.10 |
| Jan 16, 26 | 25,102.23 | -953.54 | 24,148.69 | 0.04 |
| Mar 20, 26 | 280.87 | -605.93 | -325.06 | 2.16 |
| May 15, 26 | 54,971.8 | -647.82 | 54,323.98 | 0.01 |