Virgin Galactic Inc. (SPCE)
NYSE: SPCE
· Real-Time Price · USD
2.98
-0.04 (-1.32%)
At close: Aug 15, 2025, 3:59 PM
3.00
0.48%
After-hours: Aug 15, 2025, 04:18 PM EDT
SPCE Delta Exposure By Expiry
The total Delta Exposure (DEX) for SPCE across all expirations shows 34,761.4 net shares that market makers must hedge, with 103,899.39 from calls and 69,137.99 from puts. The put-call delta ratio of 0.67 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 38,063.03 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.
SPCE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 1,916.26 | -1,267.87 | 648.39 | 0.66 |
| Aug 29, 25 | 674.5 | -1,395.24 | -720.74 | 2.07 |
| Sep 5, 25 | 1,016.95 | -421.44 | 595.51 | 0.41 |
| Sep 12, 25 | 295.7 | -104.63 | 191.07 | 0.35 |
| Sep 19, 25 | 1,933.01 | -1,777.11 | 155.9 | 0.92 |
| Sep 26, 25 | 1,019.85 | -40.59 | 979.26 | 0.04 |
| Oct 17, 25 | 13,007.13 | -6,868.97 | 6,138.16 | 0.53 |
| Dec 19, 25 | 3,310.92 | -16,553.84 | -13,242.92 | 5.00 |
| Jan 16, 26 | 26,415.05 | -24,461.31 | 1,953.74 | 0.93 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 54,310.02 | -16,246.99 | 38,063.03 | 0.30 |