Synovus Financial Corp. (SNV)

The total Delta Exposure (DEX) for SNV across all expirations shows 102,831.79 net shares that market makers must hedge, with 168,176.44 from calls and 65,344.65 from puts. The put-call delta ratio of 0.39 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 49,531.31 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.