Phathom Pharmaceuticals I... (PHAT)
NASDAQ: PHAT
· Real-Time Price · USD
12.06
-0.26 (-2.11%)
At close: Sep 11, 2025, 3:59 PM
12.04
-0.17%
After-hours: Sep 11, 2025, 06:13 PM EDT
PHAT Delta Exposure By Expiry
The total Delta Exposure (DEX) for PHAT across all expirations shows 112,424.77 net shares that market makers must hedge, with 114,205.67 from calls and 1,780.9 from puts. The put-call delta ratio of 0.02 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
PHAT DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 27,644.26 | -566.52 | 27,077.74 | 0.02 |
| Oct 17, 25 | 3,760.72 | -391.02 | 3,369.7 | 0.10 |
| Nov 21, 25 | 65,431.03 | -749.27 | 64,681.76 | 0.01 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 17,369.66 | -74.09 | 17,295.57 | 0.00 |