North American Constructi... (NOA)
NYSE: NOA
· Real-Time Price · USD
12.30
-0.60 (-4.65%)
At close: Aug 15, 2025, 3:59 PM
12.30
-0.02%
After-hours: Aug 15, 2025, 07:55 PM EDT
NOA Delta Exposure By Expiry
The total Delta Exposure (DEX) for NOA across all expirations shows 376.59 net shares that market makers must hedge, with 1,128.37 from calls and 751.78 from puts. The put-call delta ratio of 0.67 suggests neutral market maker positioning. The largest delta concentration at Feb 20, 26 with 507.99 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
NOA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 10.97 | -37.26 | -26.29 | 3.40 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 400.72 | -525.73 | -125.01 | 1.31 |
| Dec 19, 25 | 19.9 | 0 | 19.9 | 0.00 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 696.78 | -188.79 | 507.99 | 0.27 |