PetIQ Inc. (PETQ)

The total Delta Exposure (DEX) for PETQ across all expirations shows 398,912.08 net shares that market makers must hedge, with 398,912.08 from calls and 0 from puts. The put-call delta ratio of 0.00 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 398,912.08 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Dec 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.