Prospect Capital Corporat... (PSEC)

The total Delta Exposure (DEX) for PSEC across all expirations shows -102,577.72 net shares that market makers must hedge, with 17,753.75 from calls and 120,331.47 from puts. The put-call delta ratio of 6.78 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Nov 21, 25 with -49,522.19 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.