Novartis AG (NVS)
NYSE: NVS
· Real-Time Price · USD
132.42
1.45 (1.11%)
At close: Oct 03, 2025, 3:59 PM
132.96
0.40%
After-hours: Oct 03, 2025, 07:56 PM EDT
NVS Delta Exposure By Expiry
The total Delta Exposure (DEX) for NVS across all expirations shows 539,128.83 net shares that market makers must hedge, with 1,510,401.83 from calls and 971,273 from puts. The put-call delta ratio of 0.64 suggests neutral market maker positioning.
NVS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 404,433.61 | -219,633.18 | 184,800.43 | 0.54 |
| Nov 21, 25 | 83,677.57 | -12,972.68 | 70,704.89 | 0.16 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 736,289.72 | -359,051.92 | 377,237.8 | 0.49 |
| Apr 17, 26 | 45,820.18 | -92,659.65 | -46,839.47 | 2.02 |
| Jan 15, 27 | 201,124.98 | -281,770.57 | -80,645.59 | 1.40 |
| Jan 21, 28 | 39,055.77 | -5,185 | 33,870.77 | 0.13 |