Moderna Inc. (MRNA)
NASDAQ: MRNA
· Real-Time Price · USD
25.39
1.08 (4.44%)
At close: Sep 11, 2025, 3:59 PM
25.49
0.39%
After-hours: Sep 11, 2025, 07:58 PM EDT
MRNA Delta Exposure By Expiry
The total Delta Exposure (DEX) for MRNA across all expirations shows -2,767,727.59 net shares that market makers must hedge, with 2,505,396.69 from calls and 5,273,124.28 from puts. The put-call delta ratio of 2.10 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
MRNA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 181,045.36 | -1,444,607.32 | -1,263,561.96 | 7.98 |
| Sep 26, 25 | 30,755.15 | -56,399.09 | -25,643.94 | 1.83 |
| Oct 3, 25 | 12,614.2 | -21,459.93 | -8,845.73 | 1.70 |
| Oct 10, 25 | 5,417.58 | -3,187.49 | 2,230.09 | 0.59 |
| Oct 17, 25 | 302,358.65 | -782,062.05 | -479,703.4 | 2.59 |
| Oct 24, 25 | 5,198.66 | -1,601.97 | 3,596.69 | 0.31 |
| Nov 21, 25 | 635,107.36 | -344,499.54 | 290,607.82 | 0.54 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 480,392.67 | -1,338,125.48 | -857,732.81 | 2.79 |
| Mar 20, 26 | 131,400.15 | -320,375.69 | -188,975.54 | 2.44 |
| Apr 17, 26 | 10,620.11 | -12,781.39 | -2,161.28 | 1.20 |
| Jun 18, 26 | 188,322.47 | -269,744.09 | -81,421.62 | 1.43 |
| Sep 18, 26 | 51,186.63 | -52,019.68 | -833.05 | 1.02 |
| Dec 18, 26 | 144,404.67 | -217,240.26 | -72,835.59 | 1.50 |
| Jan 15, 27 | 326,573.03 | -409,020.3 | -82,447.27 | 1.25 |