CarMax Inc. (KMX)
NYSE: KMX
· Real-Time Price · USD
57.96
-0.18 (-0.31%)
At close: Aug 15, 2025, 2:15 PM
KMX Delta Exposure By Expiry
The total Delta Exposure (DEX) for KMX across all expirations shows -2,653.84 net shares that market makers must hedge, with 488,705.33 from calls and 491,359.17 from puts. The put-call delta ratio of 1.01 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 15, 27 with 54,869.97 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.
KMX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 193,763.92 | -233,900.98 | -40,137.06 | 1.21 |
| Oct 17, 25 | 96,376.4 | -98,199.32 | -1,822.92 | 1.02 |
| Jan 16, 26 | 131,991.09 | -147,554.92 | -15,563.83 | 1.12 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 66,573.92 | -11,703.95 | 54,869.97 | 0.18 |