Eversource Energy (ES)
NYSE: ES
· Real-Time Price · USD
65.52
-0.78 (-1.18%)
At close: Aug 14, 2025, 3:59 PM
65.53
0.02%
Pre-market: Aug 15, 2025, 08:25 AM EDT
ES Delta Exposure By Expiry
The total Delta Exposure (DEX) for ES across all expirations shows 87,153.15 net shares that market makers must hedge, with 100,405.38 from calls and 13,252.23 from puts. The put-call delta ratio of 0.13 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Oct 17, 25 with 58,319.77 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.
ES DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 18,188.89 | -2,698.59 | 15,490.3 | 0.15 |
| Oct 17, 25 | 65,291.37 | -6,971.6 | 58,319.77 | 0.11 |
| Jan 16, 26 | 16,925.12 | -3,582.04 | 13,343.08 | 0.21 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jan 23, 64 | 0 | 0 | 0 | n/a |