Patterson-UTI Energy Inc. (PTEN)
NASDAQ: PTEN
· Real-Time Price · USD
5.38
-0.23 (-4.10%)
At close: Aug 15, 2025, 3:59 PM
5.48
1.95%
After-hours: Aug 15, 2025, 07:34 PM EDT
PTEN Delta Exposure By Expiry
The total Delta Exposure (DEX) for PTEN across all expirations shows -109,161.63 net shares that market makers must hedge, with 52,897.85 from calls and 162,059.48 from puts. The put-call delta ratio of 3.06 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with -66,084.6 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.
PTEN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 1,408.07 | -20,063.02 | -18,654.95 | 14.25 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 5,608.92 | -35,566.63 | -29,957.71 | 6.34 |
| Jan 16, 26 | 29,846.11 | -95,930.71 | -66,084.6 | 3.21 |
| Feb 20, 26 | 3,182.87 | -4,477.07 | -1,294.2 | 1.41 |
| Jan 15, 27 | 12,851.88 | -6,022.05 | 6,829.83 | 0.47 |