Novavax Inc. (NVAX)
NASDAQ: NVAX
· Real-Time Price · USD
9.58
0.15 (1.59%)
At close: Aug 15, 2025, 3:59 PM
9.63
0.52%
After-hours: Aug 15, 2025, 07:58 PM EDT
NVAX Delta Exposure By Expiry
The total Delta Exposure (DEX) for NVAX across all expirations shows 592,565.77 net shares that market makers must hedge, with 821,285.17 from calls and 228,719.4 from puts. The put-call delta ratio of 0.28 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 147,682.49 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
NVAX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 30,372.86 | -2,455.73 | 27,917.13 | 0.08 |
| Aug 29, 25 | 103,609.35 | -1,493.29 | 102,116.06 | 0.01 |
| Sep 5, 25 | 12,497.81 | -1,144.56 | 11,353.25 | 0.09 |
| Sep 12, 25 | 2,642.66 | -848.39 | 1,794.27 | 0.32 |
| Sep 19, 25 | 20,437.28 | -2,784.71 | 17,652.57 | 0.14 |
| Sep 26, 25 | 2,959.41 | -95.53 | 2,863.88 | 0.03 |
| Oct 17, 25 | 152,444.31 | -13,052.73 | 139,391.58 | 0.09 |
| Jan 16, 26 | 274,375.72 | -126,693.23 | 147,682.49 | 0.46 |
| Apr 17, 26 | 2,398.96 | -97.05 | 2,301.91 | 0.04 |
| Jan 15, 27 | 148,507.33 | -73,239.77 | 75,267.56 | 0.49 |
| Dec 17, 27 | 71,039.48 | -6,814.41 | 64,225.07 | 0.10 |