Franco-Nevada Corporation (FNV)
NYSE: FNV
· Real-Time Price · USD
175.94
-1.43 (-0.81%)
At close: Aug 18, 2025, 3:59 PM
176.06
0.07%
After-hours: Aug 18, 2025, 04:40 PM EDT
FNV Delta Exposure By Expiry
The total Delta Exposure (DEX) for FNV across all expirations shows 963,183.71 net shares that market makers must hedge, with 1,084,156.8 from calls and 120,973.09 from puts. The put-call delta ratio of 0.11 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 308,917.21 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.
FNV DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 213,283.69 | -18,915.79 | 194,367.9 | 0.09 |
| Oct 17, 25 | 205,392.9 | -26,207.46 | 179,185.44 | 0.13 |
| Nov 21, 25 | 196,527.91 | -16,674.95 | 179,852.96 | 0.08 |
| Jan 16, 26 | 348,279.6 | -39,362.39 | 308,917.21 | 0.11 |
| Apr 17, 26 | 119.86 | 0 | 119.86 | 0.00 |
| Jan 15, 27 | 120,552.84 | -19,812.5 | 100,740.34 | 0.16 |