Helmerich & Payne Inc. (HP)
NYSE: HP
· Real-Time Price · USD
17.89
-0.46 (-2.51%)
At close: Aug 15, 2025, 2:17 PM
HP Delta Exposure By Expiry
The total Delta Exposure (DEX) for HP across all expirations shows 96,039.54 net shares that market makers must hedge, with 200,664.09 from calls and 104,624.55 from puts. The put-call delta ratio of 0.52 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 37,961.03 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.
HP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 80,491.27 | -53,516.66 | 26,974.61 | 0.66 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 63,444.58 | -25,483.55 | 37,961.03 | 0.40 |
| Jan 16, 26 | 41,676.93 | -14,611.66 | 27,065.27 | 0.35 |
| Mar 20, 26 | 1,731.7 | -795.6 | 936.1 | 0.46 |
| Dec 18, 26 | 13,319.61 | -10,217.08 | 3,102.53 | 0.77 |