Tronox (TROX)
NYSE: TROX
· Real-Time Price · USD
3.58
-0.19 (-4.91%)
At close: Aug 15, 2025, 3:59 PM
3.57
-0.11%
After-hours: Aug 15, 2025, 07:01 PM EDT
TROX Delta Exposure By Expiry
The total Delta Exposure (DEX) for TROX across all expirations shows 26,026.43 net shares that market makers must hedge, with 50,687.17 from calls and 24,660.74 from puts. The put-call delta ratio of 0.49 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Mar 20, 26 with 20,267.01 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.
TROX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 6,464.05 | -796.1 | 5,667.95 | 0.12 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 6,607.28 | -15,709.34 | -9,102.06 | 2.38 |
| Dec 19, 25 | 8,817.7 | -4,511.65 | 4,306.05 | 0.51 |
| Jan 16, 26 | 960.1 | -2,552.77 | -1,592.67 | 2.66 |
| Feb 20, 26 | 6,708.88 | -228.73 | 6,480.15 | 0.03 |
| Mar 20, 26 | 21,129.16 | -862.15 | 20,267.01 | 0.04 |