FirstEnergy Corp. (FE)
NYSE: FE
· Real-Time Price · USD
43.65
-0.30 (-0.68%)
At close: Aug 14, 2025, 3:59 PM
43.89
0.55%
After-hours: Aug 14, 2025, 07:40 PM EDT
FE Delta Exposure By Expiry
The total Delta Exposure (DEX) for FE across all expirations shows 484,655.92 net shares that market makers must hedge, with 647,229.53 from calls and 162,573.61 from puts. The put-call delta ratio of 0.25 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 212,281.11 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.
FE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 38,338.46 | -35,791.05 | 2,547.41 | 0.93 |
| Oct 17, 25 | 123,863.91 | -21,909.47 | 101,954.44 | 0.18 |
| Dec 19, 25 | 141,737.27 | -22,313.04 | 119,424.23 | 0.16 |
| Jan 16, 26 | 278,352.26 | -66,071.15 | 212,281.11 | 0.24 |
| Mar 20, 26 | 9,247.38 | -10,319.06 | -1,071.68 | 1.12 |
| Jun 18, 26 | 27,210.21 | -3,905.12 | 23,305.09 | 0.14 |
| Sep 18, 26 | 28,480.04 | -2,264.72 | 26,215.32 | 0.08 |