International Flavors & F... (IFF)
NYSE: IFF
· Real-Time Price · USD
65.72
-0.79 (-1.19%)
At close: Aug 14, 2025, 3:59 PM
65.72
-0.01%
After-hours: Aug 14, 2025, 05:54 PM EDT
IFF Delta Exposure By Expiry
The total Delta Exposure (DEX) for IFF across all expirations shows -129,724.63 net shares that market makers must hedge, with 142,363.37 from calls and 272,088 from puts. The put-call delta ratio of 1.91 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Nov 21, 25 with -69,387.62 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
IFF DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 39,173.86 | -20,513.04 | 18,660.82 | 0.52 |
| Nov 21, 25 | 25,438.11 | -94,825.73 | -69,387.62 | 3.73 |
| Jan 16, 26 | 58,648.11 | -71,258.14 | -12,610.03 | 1.22 |
| Feb 20, 26 | 1,053.62 | -5,931.22 | -4,877.6 | 5.63 |
| Mar 20, 26 | 6,357.16 | -9,261.45 | -2,904.29 | 1.46 |
| Jun 18, 26 | 5,581.07 | -68,661.52 | -63,080.45 | 12.30 |
| Sep 18, 26 | 6,111.44 | -1,636.9 | 4,474.54 | 0.27 |