Constellation Brands Inc. (STZ)
NYSE: STZ
· Real-Time Price · USD
168.49
-1.02 (-0.60%)
At close: Aug 15, 2025, 2:06 PM
STZ Delta Exposure By Expiry
The total Delta Exposure (DEX) for STZ across all expirations shows -122,029.01 net shares that market makers must hedge, with 2,209,607.04 from calls and 2,331,636.05 from puts. The put-call delta ratio of 1.06 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -216,593.61 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
STZ DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 41,895.37 | -27,631.8 | 14,263.57 | 0.66 |
| Aug 29, 25 | 25,419.37 | -27,216.33 | -1,796.96 | 1.07 |
| Sep 5, 25 | 8,035.39 | -8,595.53 | -560.14 | 1.07 |
| Sep 12, 25 | 3,361.52 | -4,046.76 | -685.24 | 1.20 |
| Sep 19, 25 | 411,727.9 | -628,321.51 | -216,593.61 | 1.53 |
| Sep 26, 25 | 3,656.55 | -525.64 | 3,130.91 | 0.14 |
| Oct 17, 25 | 346,389.64 | -190,336.85 | 156,052.79 | 0.55 |
| Nov 21, 25 | 2,134.02 | -132.39 | 2,001.63 | 0.06 |
| Jan 16, 26 | 599,129.16 | -745,002.66 | -145,873.5 | 1.24 |
| Mar 20, 26 | 241,004.46 | -113,052.94 | 127,951.52 | 0.47 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 152,722.24 | -235,217.72 | -82,495.48 | 1.54 |
| Sep 18, 26 | 12,833.72 | -6,487.44 | 6,346.28 | 0.51 |
| Jan 15, 27 | 361,297.7 | -345,068.48 | 16,229.22 | 0.96 |