Select Medical Corporati... (SEM)
NYSE: SEM
· Real-Time Price · USD
12.70
0.10 (0.79%)
At close: Aug 15, 2025, 3:59 PM
12.90
1.61%
After-hours: Aug 15, 2025, 06:11 PM EDT
SEM Delta Exposure By Expiry
The total Delta Exposure (DEX) for SEM across all expirations shows 801.24 net shares that market makers must hedge, with 1,452.13 from calls and 650.89 from puts. The put-call delta ratio of 0.45 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 19, 25 with 854.49 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
SEM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 275.54 | -361.09 | -85.55 | 1.31 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 1,081.29 | -226.8 | 854.49 | 0.21 |
| Mar 20, 26 | 95.3 | -63 | 32.3 | 0.66 |