Legend Biotech Corporatio... (LEGN)
NASDAQ: LEGN
· Real-Time Price · USD
37.47
-0.24 (-0.64%)
At close: Aug 15, 2025, 3:59 PM
37.50
0.09%
After-hours: Aug 15, 2025, 06:06 PM EDT
LEGN Delta Exposure By Expiry
The total Delta Exposure (DEX) for LEGN across all expirations shows -106.79 net shares that market makers must hedge, with 76,776.3 from calls and 76,883.09 from puts. The put-call delta ratio of 1.00 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with -20,007.71 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.
LEGN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 7,975.51 | -3,542.45 | 4,433.06 | 0.44 |
| Oct 17, 25 | 64.49 | 0 | 64.49 | 0.00 |
| Nov 21, 25 | 21,020.73 | -9,914.76 | 11,105.97 | 0.47 |
| Dec 19, 25 | 38,695.42 | -58,703.13 | -20,007.71 | 1.52 |
| Jan 16, 26 | 1,107.6 | 0 | 1,107.6 | 0.00 |
| Feb 20, 26 | 7,912.55 | -4,722.75 | 3,189.8 | 0.60 |