Kellanova (K)
NYSE: K
· Real-Time Price · USD
80.17
0.09 (0.11%)
At close: Aug 15, 2025, 3:59 PM
80.19
0.02%
After-hours: Aug 15, 2025, 04:37 PM EDT
K Delta Exposure By Expiry
The total Delta Exposure (DEX) for K across all expirations shows -239,419.21 net shares that market makers must hedge, with 304,987.24 from calls and 544,406.45 from puts. The put-call delta ratio of 1.79 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -339,621.06 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.
K DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 25,530.58 | -365,151.64 | -339,621.06 | 14.30 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 23,574.16 | -53,905.48 | -30,331.32 | 2.29 |
| Jan 16, 26 | 143,432.66 | -106,186.29 | 37,246.37 | 0.74 |
| Mar 20, 26 | 704.75 | -494.48 | 210.27 | 0.70 |
| Jun 18, 26 | 179.69 | -333.61 | -153.92 | 1.86 |
| Jan 15, 27 | 111,565.4 | -18,334.95 | 93,230.45 | 0.16 |