Saratoga Investment Corp. (SAR)
NYSE: SAR
· Real-Time Price · USD
24.41
-0.08 (-0.33%)
At close: Oct 03, 2025, 3:59 PM
24.46
0.19%
After-hours: Oct 03, 2025, 07:43 PM EDT
SAR Delta Exposure By Expiry
The total Delta Exposure (DEX) for SAR across all expirations shows 6,350.94 net shares that market makers must hedge, with 12,988.92 from calls and 6,637.98 from puts. The put-call delta ratio of 0.51 suggests neutral market maker positioning.
SAR DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 1,888.18 | -574.16 | 1,314.02 | 0.30 |
| Nov 21, 25 | 3,542.39 | -4,190.77 | -648.38 | 1.18 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 6,803.46 | 0 | 6,803.46 | 0.00 |
| Feb 20, 26 | 646.87 | -1,865.33 | -1,218.46 | 2.88 |
| May 15, 26 | 108.02 | -7.72 | 100.3 | 0.07 |