NOV Inc. (NOV)
NYSE: NOV
· Real-Time Price · USD
12.18
-0.15 (-1.22%)
At close: Aug 15, 2025, 3:59 PM
12.11
-0.53%
After-hours: Aug 15, 2025, 06:47 PM EDT
NOV Delta Exposure By Expiry
The total Delta Exposure (DEX) for NOV across all expirations shows 42,140.01 net shares that market makers must hedge, with 94,333.54 from calls and 52,193.53 from puts. The put-call delta ratio of 0.55 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with 38,285.03 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.
NOV DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 2,056.54 | -4,559.93 | -2,503.39 | 2.22 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 47,280.44 | -8,995.41 | 38,285.03 | 0.19 |
| Dec 19, 25 | 18.11 | 0 | 18.11 | 0.00 |
| Jan 16, 26 | 31,890.92 | -37,556.54 | -5,665.62 | 1.18 |
| Feb 20, 26 | 13,087.53 | -1,081.65 | 12,005.88 | 0.08 |