Stryker Corporation (SYK)
NYSE: SYK
· Real-Time Price · USD
381.86
3.34 (0.88%)
At close: Aug 15, 2025, 3:59 PM
381.00
-0.23%
After-hours: Aug 15, 2025, 06:28 PM EDT
SYK Delta Exposure By Expiry
The total Delta Exposure (DEX) for SYK across all expirations shows 812,127.33 net shares that market makers must hedge, with 2,105,883.54 from calls and 1,293,756.21 from puts. The put-call delta ratio of 0.61 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 845,854.18 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.
SYK DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 285,172.58 | -352,067.85 | -66,895.27 | 1.23 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 141,822.84 | -83,084.04 | 58,738.8 | 0.59 |
| Jan 16, 26 | 474,262.29 | -446,300.53 | 27,961.76 | 0.94 |
| Mar 20, 26 | 68,352.46 | -45,282.1 | 23,070.36 | 0.66 |
| Jun 18, 26 | 91,996.22 | -173,314.5 | -81,318.28 | 1.88 |
| Sep 18, 26 | 14,067.68 | -9,351.9 | 4,715.78 | 0.66 |
| Jan 15, 27 | 1,030,209.47 | -184,355.29 | 845,854.18 | 0.18 |