Upwork Inc. (UPWK)
NASDAQ: UPWK
· Real-Time Price · USD
13.79
0.09 (0.66%)
At close: Aug 15, 2025, 3:59 PM
13.80
0.07%
After-hours: Aug 15, 2025, 07:34 PM EDT
UPWK Delta Exposure By Expiry
The total Delta Exposure (DEX) for UPWK across all expirations shows 62,875.07 net shares that market makers must hedge, with 128,740.94 from calls and 65,865.87 from puts. The put-call delta ratio of 0.51 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 38,907.69 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.
UPWK DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 11,733.47 | -2,155.72 | 9,577.75 | 0.18 |
| Oct 17, 25 | 49,686.18 | -10,778.49 | 38,907.69 | 0.22 |
| Jan 16, 26 | 55,083.32 | -50,881.73 | 4,201.59 | 0.92 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 12,237.97 | -2,049.93 | 10,188.04 | 0.17 |