Phathom Pharmaceuticals I... (PHAT)
NASDAQ: PHAT
· Real-Time Price · USD
12.21
0.39 (3.30%)
At close: Oct 03, 2025, 3:59 PM
12.45
1.97%
After-hours: Oct 03, 2025, 07:47 PM EDT
PHAT Delta Exposure By Expiry
The total Delta Exposure (DEX) for PHAT across all expirations shows 109,917.04 net shares that market makers must hedge, with 113,708.34 from calls and 3,791.3 from puts. The put-call delta ratio of 0.03 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 |
|---|---|---|---|---|
| Oct 17, 25 | 14,395.16 | -975.16 | 13,420 | 0.07 |
| Nov 21, 25 | 79,481.96 | -1,092.95 | 78,389.01 | 0.01 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 19,456.31 | -357.84 | 19,098.47 | 0.02 |
| May 15, 26 | 49.36 | -1,362.25 | -1,312.89 | 27.60 |
| Jan 15, 27 | 314.45 | -3.1 | 311.35 | 0.01 |
| Jan 21, 28 | 11.1 | 0 | 11.1 | 0.00 |