First Bancorp Inc. (FNLC)
NASDAQ: FNLC
· Real-Time Price · USD
25.90
-0.18 (-0.69%)
At close: Aug 15, 2025, 3:59 PM
25.83
-0.27%
After-hours: Aug 15, 2025, 04:10 PM EDT
FNLC Delta Exposure By Expiry
The total Delta Exposure (DEX) for FNLC across all expirations shows -1,905.74 net shares that market makers must hedge, with 80.66 from calls and 1,986.4 from puts. The put-call delta ratio of 24.63 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Mar 20, 26 with -1,117.41 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
FNLC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | -848.18 | -848.18 | n/a |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 80.66 | -20.81 | 59.85 | 0.26 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 0 | -1,117.41 | -1,117.41 | n/a |