Farmers & Merchants Banco... (FMAO)
NASDAQ: FMAO
· Real-Time Price · USD
25.73
-0.39 (-1.49%)
At close: Sep 09, 2025, 3:59 PM
25.73
0.00%
After-hours: Sep 09, 2025, 04:10 PM EDT
FMAO Delta Exposure By Expiry
The total Delta Exposure (DEX) for FMAO across all expirations shows -117.86 net shares that market makers must hedge, with 1,370.58 from calls and 1,488.44 from puts. The put-call delta ratio of 1.09 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
FMAO DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 235.21 | -18.45 | 216.76 | 0.08 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 1,135.37 | -1,469.99 | -334.62 | 1.29 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 0 | 0 | 0 | n/a |