HealthEquity Inc. (HQY)
NASDAQ: HQY
· Real-Time Price · USD
89.57
2.14 (2.45%)
At close: Aug 15, 2025, 2:08 PM
HQY Delta Exposure By Expiry
The total Delta Exposure (DEX) for HQY across all expirations shows -31,292.13 net shares that market makers must hedge, with 50,071.79 from calls and 81,363.92 from puts. The put-call delta ratio of 1.62 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -42,727.6 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.
HQY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 33,480.19 | -76,207.79 | -42,727.6 | 2.28 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 16,038.73 | -5,156.13 | 10,882.6 | 0.32 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 552.87 | 0 | 552.87 | 0.00 |