Madison Square Garden Spo... (MSGS)
NYSE: MSGS
· Real-Time Price · USD
197.93
5.28 (2.74%)
At close: Aug 15, 2025, 3:59 PM
197.61
-0.16%
After-hours: Aug 15, 2025, 04:04 PM EDT
MSGS Delta Exposure By Expiry
The total Delta Exposure (DEX) for MSGS across all expirations shows -76,444.03 net shares that market makers must hedge, with 62,921.54 from calls and 139,365.57 from puts. The put-call delta ratio of 2.21 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Feb 20, 26 with -74,043.27 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.
MSGS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 22,366.51 | -9,176.13 | 13,190.38 | 0.41 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 16,506.75 | -32,830.29 | -16,323.54 | 1.99 |
| Feb 20, 26 | 23,315.88 | -97,359.15 | -74,043.27 | 4.18 |
| Dec 18, 26 | 732.4 | 0 | 732.4 | 0.00 |