HUTCHMED (China) Limited (HCM)
NASDAQ: HCM
· Real-Time Price · USD
16.43
0.56 (3.53%)
At close: Aug 15, 2025, 3:59 PM
16.45
0.15%
After-hours: Aug 15, 2025, 04:10 PM EDT
HCM Delta Exposure By Expiry
The total Delta Exposure (DEX) for HCM across all expirations shows 270.7 net shares that market makers must hedge, with 852.8 from calls and 582.1 from puts. The put-call delta ratio of 0.68 suggests neutral market maker positioning. The largest delta concentration at Feb 20, 26 with 342.64 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
HCM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | -55.52 | -55.52 | n/a |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 406.17 | -422.59 | -16.42 | 1.04 |
| Feb 20, 26 | 446.63 | -103.99 | 342.64 | 0.23 |