MetroCity Bankshares Inc. (MCBS)

The total Delta Exposure (DEX) for MCBS across all expirations shows -328.47 net shares that market makers must hedge, with 35.22 from calls and 363.69 from puts. The put-call delta ratio of 10.33 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Oct 17, 25 with -300.79 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.