Ryman Hospitality Propert... (RHP)
NYSE: RHP
· Real-Time Price · USD
94.41
-0.93 (-0.98%)
At close: Aug 15, 2025, 3:59 PM
96.00
1.69%
After-hours: Aug 15, 2025, 06:16 PM EDT
RHP Delta Exposure By Expiry
The total Delta Exposure (DEX) for RHP across all expirations shows -6,992 net shares that market makers must hedge, with 17,816.47 from calls and 24,808.47 from puts. The put-call delta ratio of 1.39 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with -10,484.59 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
RHP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 4,320.69 | 0 | 4,320.69 | 0.00 |
| Oct 17, 25 | 9,033.8 | -8,110.64 | 923.16 | 0.90 |
| Nov 21, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 3,285.35 | -5,311.62 | -2,026.27 | 1.62 |
| Jan 16, 26 | 901.62 | -11,386.21 | -10,484.59 | 12.63 |
| Apr 17, 26 | 251.98 | 0 | 251.98 | 0.00 |
| Dec 18, 26 | 23.03 | 0 | 23.03 | 0.00 |