NewMarket Corporation (NEU)
NYSE: NEU
· Real-Time Price · USD
764.93
-1.40 (-0.18%)
At close: Aug 15, 2025, 3:58 PM
766.21
0.17%
After-hours: Aug 15, 2025, 04:04 PM EDT
NEU Delta Exposure By Expiry
The total Delta Exposure (DEX) for NEU across all expirations shows 499,929.79 net shares that market makers must hedge, with 564,256.35 from calls and 64,326.56 from puts. The put-call delta ratio of 0.11 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 185,714 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.
NEU DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 189,486.34 | -3,772.34 | 185,714 | 0.02 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 130,078.09 | -22,054.13 | 108,023.96 | 0.17 |
| Dec 19, 25 | 112,392.88 | -31,801.29 | 80,591.59 | 0.28 |
| Jan 16, 26 | 109,525.62 | 0 | 109,525.62 | 0.00 |
| Mar 20, 26 | 22,773.42 | -6,698.8 | 16,074.62 | 0.29 |
| Jun 18, 26 | 0 | 0 | 0 | n/a |