Exact Sciences Corporatio... (EXAS)
NASDAQ: EXAS
· Real-Time Price · USD
45.92
0.93 (2.07%)
At close: Aug 15, 2025, 1:51 PM
EXAS Delta Exposure By Expiry
The total Delta Exposure (DEX) for EXAS across all expirations shows 26,288.15 net shares that market makers must hedge, with 389,985.81 from calls and 363,697.66 from puts. The put-call delta ratio of 0.93 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with -99,244.57 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
EXAS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 23,081.33 | -7,642.27 | 15,439.06 | 0.33 |
| Aug 29, 25 | 22,994.5 | -2,812.43 | 20,182.07 | 0.12 |
| Sep 5, 25 | 13,888.27 | -7,864.49 | 6,023.78 | 0.57 |
| Sep 12, 25 | 1,733.09 | -283.88 | 1,449.21 | 0.16 |
| Sep 19, 25 | 109,344.7 | -42,073.31 | 67,271.39 | 0.38 |
| Sep 26, 25 | 703.07 | -164.22 | 538.85 | 0.23 |
| Oct 17, 25 | 63,946.6 | -64,314.12 | -367.52 | 1.01 |
| Jan 16, 26 | 118,238.57 | -217,483.14 | -99,244.57 | 1.84 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 36,055.68 | -21,059.8 | 14,995.88 | 0.58 |