Essent Group Ltd.

NYSE: ESNT · Real-Time Price · USD
61.77
-1.05 (-1.67%)
At close: Aug 15, 2025, 2:08 PM

ESNT Delta Exposure By Expiry

The total Delta Exposure (DEX) for ESNT across all expirations shows 3,141.33 net shares that market makers must hedge, with 3,732.15 from calls and 590.82 from puts. The put-call delta ratio of 0.16 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 2,059 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.

ESNT DEX Table

Expiry Date Call Delta Put Delta Net Delta P/C Delta
Sep 19, 25 187.66 -43.65 144.01 0.23
Oct 17, 25 2,518.02 -459.02 2,059 0.18
Dec 19, 25 0 0 0 n/a
Jan 16, 26 1,026.47 -88.15 938.32 0.09
Apr 17, 26 0 0 0 n/a
Jan 23, 64 0 0 0 n/a