TriCo Bancshares (TCBK)
NASDAQ: TCBK
· Real-Time Price · USD
44.88
2.34 (5.50%)
At close: Aug 22, 2025, 3:59 PM
44.88
0.00%
After-hours: Aug 22, 2025, 04:04 PM EDT
TCBK Delta Exposure By Expiry
The total Delta Exposure (DEX) for TCBK across all expirations shows -1,212.82 net shares that market makers must hedge, with 43.19 from calls and 1,256.01 from puts. The put-call delta ratio of 29.08 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Dec 19, 25 with -594.19 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
TCBK DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | -138.18 | -138.18 | n/a |
| Oct 17, 25 | 0 | -27.99 | -27.99 | n/a |
| Dec 19, 25 | 43.19 | -637.38 | -594.19 | 14.76 |
| Mar 20, 26 | 0 | -452.46 | -452.46 | n/a |