Delta Air Lines Inc. (DAL)
NYSE: DAL
· Real-Time Price · USD
58.97
-0.45 (-0.76%)
At close: Aug 14, 2025, 3:59 PM
59.49
0.88%
Pre-market: Aug 15, 2025, 08:43 AM EDT
DAL Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for DAL across all expirations is 544,892.41 shares per 1% move, with 885,088.49 from calls and 340,196.08 from puts. The put-call GEX ratio of 0.38 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness. The highest gamma concentration is at the Sep 19, 25 expiration with 290,231.7 net GEX, which may act as a magnet point for price action. Near-term exposure for Aug 22, 25 suggests potential support from positive gamma hedging flows.
DAL GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Aug 22, 25 | 85,403.43 | -44,931.74 | 40,471.69 | 0.53 |
| Aug 29, 25 | 16,273.39 | -9,627.06 | 6,646.33 | 0.59 |
| Sep 5, 25 | 31,826 | -7,182.69 | 24,643.31 | 0.23 |
| Sep 12, 25 | 6,108.49 | -1,673.86 | 4,434.63 | 0.27 |
| Sep 19, 25 | 412,998.77 | -122,767.07 | 290,231.7 | 0.30 |
| Sep 26, 25 | 1,153.79 | -528.11 | 625.68 | 0.46 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 165,237.75 | -51,673.65 | 113,564.1 | 0.31 |
| Jan 16, 26 | 99,577.09 | -61,551 | 38,026.09 | 0.62 |
| Feb 20, 26 | 4,325.89 | -991.02 | 3,334.87 | 0.23 |
| Mar 20, 26 | 19,220.9 | -16,290.87 | 2,930.03 | 0.85 |
| Jun 18, 26 | 14,306.84 | -7,571.98 | 6,734.86 | 0.53 |
| Sep 18, 26 | 1,396.36 | -1,776.72 | -380.36 | 1.27 |
| Dec 18, 26 | 10,818.33 | -4,754.37 | 6,063.96 | 0.44 |
| Jan 15, 27 | 16,441.46 | -8,875.94 | 7,565.52 | 0.54 |