Nabors Industries Ltd. (NBR)
NYSE: NBR
· Real-Time Price · USD
32.45
-1.12 (-3.34%)
At close: Aug 15, 2025, 3:59 PM
32.49
0.11%
After-hours: Aug 15, 2025, 07:01 PM EDT
NBR Delta Exposure By Expiry
The total Delta Exposure (DEX) for NBR across all expirations shows 1,573.02 net shares that market makers must hedge, with 48,679.73 from calls and 47,106.71 from puts. The put-call delta ratio of 0.97 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 16,602.21 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
NBR DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5,896.35 | -2,163.74 | 3,732.61 | 0.37 |
| Oct 17, 25 | 6,085.7 | -12,615.96 | -6,530.26 | 2.07 |
| Nov 21, 25 | 2,691.28 | -3,860.99 | -1,169.71 | 1.43 |
| Dec 19, 25 | 24,571.12 | -7,968.91 | 16,602.21 | 0.32 |
| Jan 16, 26 | 4,085.41 | -4,166 | -80.59 | 1.02 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 5,349.87 | -16,331.11 | -10,981.24 | 3.05 |