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NYSE: ELS · Real-Time Price · USD
60.46
0.17 (0.28%)
At close: Aug 15, 2025, 11:11 AM

ELS Delta Exposure By Expiry

The total Delta Exposure (DEX) for ELS across all expirations shows 157,479.71 net shares that market makers must hedge, with 159,183.43 from calls and 1,703.72 from puts. The put-call delta ratio of 0.01 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Feb 20, 26 with 157,538.53 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.

ELS DEX Table

Expiry Date Call Delta Put Delta Net Delta P/C Delta
Sep 19, 25 140.63 -237.03 -96.4 1.69
Oct 17, 25 0 0 0 n/a
Nov 21, 25 709.19 -671.61 37.58 0.95
Feb 20, 26 158,333.61 -795.08 157,538.53 0.01