Molson Coors Beverage (TAP)
NYSE: TAP
· Real-Time Price · USD
51.25
-0.46 (-0.89%)
At close: Aug 14, 2025, 3:59 PM
50.25
-1.95%
Pre-market: Aug 15, 2025, 08:28 AM EDT
TAP Delta Exposure By Expiry
The total Delta Exposure (DEX) for TAP across all expirations shows 98,403.23 net shares that market makers must hedge, with 239,993.08 from calls and 141,589.85 from puts. The put-call delta ratio of 0.59 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 49,500.43 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.
TAP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 12,980.48 | -20,445.11 | -7,464.63 | 1.58 |
| Oct 17, 25 | 119,530.29 | -70,029.86 | 49,500.43 | 0.59 |
| Jan 16, 26 | 69,971.17 | -32,495.94 | 37,475.23 | 0.46 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 13,620.13 | -5,505.31 | 8,114.82 | 0.40 |
| Jan 15, 27 | 23,891.01 | -13,113.63 | 10,777.38 | 0.55 |