Shenandoah Telecommunicat... (SHEN)
NASDAQ: SHEN
· Real-Time Price · USD
12.51
-0.08 (-0.64%)
At close: Aug 15, 2025, 3:59 PM
12.86
2.83%
After-hours: Aug 15, 2025, 07:12 PM EDT
SHEN Delta Exposure By Expiry
The total Delta Exposure (DEX) for SHEN across all expirations shows 583.73 net shares that market makers must hedge, with 1,357.14 from calls and 773.41 from puts. The put-call delta ratio of 0.57 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 583.06 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.
SHEN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 7.27 | -84.63 | -77.36 | 11.64 |
| Oct 17, 25 | 193.01 | -114.98 | 78.03 | 0.60 |
| Jan 16, 26 | 1,156.86 | -573.8 | 583.06 | 0.50 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |