(ERX)
AMEX: ERX
· Real-Time Price · USD
51.72
-0.01 (-0.02%)
At close: Aug 15, 2025, 3:59 PM
51.51
-0.41%
After-hours: Aug 15, 2025, 07:09 PM EDT
ERX Delta Exposure By Expiry
The total Delta Exposure (DEX) for ERX across all expirations shows 21,114.98 net shares that market makers must hedge, with 73,824.16 from calls and 52,709.18 from puts. The put-call delta ratio of 0.71 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 17,754.64 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
ERX DEX Table
Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
---|---|---|---|---|
Sep 19, 25 | 11,172.52 | -5,757.89 | 5,414.63 | 0.52 |
Oct 17, 25 | 14,343.33 | -11,301.55 | 3,041.78 | 0.79 |
Jan 16, 26 | 22,027.12 | -27,123.19 | -5,096.07 | 1.23 |
Apr 17, 26 | 0 | 0 | 0 | n/a |
Jun 18, 26 | 0 | 0 | 0 | n/a |
Jan 15, 27 | 26,281.19 | -8,526.55 | 17,754.64 | 0.32 |