(FLOT)

The total Delta Exposure (DEX) for FLOT across all expirations shows -99.98 net shares that market makers must hedge, with 59.96 from calls and 159.94 from puts. The put-call delta ratio of 2.67 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Oct 17, 25 with -99.98 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Oct 17, 25 carries negative delta forcing market makers to buy shares, potentially providing support.