HCA Healthcare Inc. (HCA)
NYSE: HCA
· Real-Time Price · USD
395.77
2.12 (0.54%)
At close: Aug 15, 2025, 3:59 PM
395.36
-0.10%
After-hours: Aug 15, 2025, 06:06 PM EDT
HCA Delta Exposure By Expiry
The total Delta Exposure (DEX) for HCA across all expirations shows 3,213,026.43 net shares that market makers must hedge, with 3,995,267.74 from calls and 782,241.31 from puts. The put-call delta ratio of 0.20 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 949,688.09 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.
HCA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 1,049,206.37 | -116,857.62 | 932,348.75 | 0.11 |
| Oct 17, 25 | 195,424.73 | -17,408.17 | 178,016.56 | 0.09 |
| Nov 21, 25 | 2,552.9 | -1,108.21 | 1,444.69 | 0.43 |
| Dec 19, 25 | 708,092.43 | -336,155.88 | 371,936.55 | 0.47 |
| Jan 16, 26 | 1,073,025.06 | -123,336.97 | 949,688.09 | 0.11 |
| Mar 20, 26 | 161,749.04 | -24,020.16 | 137,728.88 | 0.15 |
| Jun 18, 26 | 104,395.75 | -40,717 | 63,678.75 | 0.39 |
| Sep 18, 26 | 59,918.25 | -35,696.53 | 24,221.72 | 0.60 |
| Dec 18, 26 | 58,545.62 | -39,579.79 | 18,965.83 | 0.68 |
| Jan 15, 27 | 582,357.59 | -47,360.98 | 534,996.61 | 0.08 |