Molson Coors Beverage (TAP)
NYSE: TAP
· Real-Time Price · USD
46.39
0.21 (0.45%)
At close: Oct 03, 2025, 3:59 PM
46.40
0.02%
After-hours: Oct 03, 2025, 08:00 PM EDT
TAP Delta Exposure By Expiry
The total Delta Exposure (DEX) for TAP across all expirations shows -122,198.01 net shares that market makers must hedge, with 204,262.85 from calls and 326,460.86 from puts. The put-call delta ratio of 1.60 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
TAP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 82,337.97 | -180,093.39 | -97,755.42 | 2.19 |
| Nov 21, 25 | 30,538.59 | -9,098.81 | 21,439.78 | 0.30 |
| Jan 16, 26 | 47,830.95 | -56,535.51 | -8,704.56 | 1.18 |
| Apr 17, 26 | 5,879.98 | -5,567.2 | 312.78 | 0.95 |
| Jun 18, 26 | 11,742.66 | -49,637.01 | -37,894.35 | 4.23 |
| Jan 15, 27 | 22,550.36 | -23,416.4 | -866.04 | 1.04 |
| Jan 21, 28 | 3,382.34 | -2,112.54 | 1,269.8 | 0.62 |