Trinity Industries Inc. (TRN)
NYSE: TRN
· Real-Time Price · USD
27.40
-0.61 (-2.18%)
At close: Aug 15, 2025, 2:00 PM
TRN Delta Exposure By Expiry
The total Delta Exposure (DEX) for TRN across all expirations shows 6,503.31 net shares that market makers must hedge, with 25,542.55 from calls and 19,039.24 from puts. The put-call delta ratio of 0.75 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with 5,936.22 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
TRN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 1,890.35 | -200.39 | 1,689.96 | 0.11 |
| Oct 17, 25 | 12,343.4 | -13,124.04 | -780.64 | 1.06 |
| Nov 21, 25 | 9,921.44 | -3,985.22 | 5,936.22 | 0.40 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 1,387.36 | -1,729.59 | -342.23 | 1.25 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |