Orchid Island Capital Inc... (ORC)
NYSE: ORC
· Real-Time Price · USD
7.13
-0.01 (-0.21%)
At close: Aug 15, 2025, 3:59 PM
7.15
0.21%
After-hours: Aug 15, 2025, 04:04 PM EDT
ORC Delta Exposure By Expiry
The total Delta Exposure (DEX) for ORC across all expirations shows 648.94 net shares that market makers must hedge, with 7,298.53 from calls and 6,649.59 from puts. The put-call delta ratio of 0.91 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 590.27 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.
ORC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 824.63 | -234.36 | 590.27 | 0.28 |
| Oct 17, 25 | 4,395 | -4,281.35 | 113.65 | 0.97 |
| Jan 16, 26 | 2,078.9 | -2,133.88 | -54.98 | 1.03 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |