Marriott Vacations Worldw... (VAC)
NYSE: VAC
· Real-Time Price · USD
75.03
-0.38 (-0.50%)
At close: Aug 15, 2025, 3:59 PM
75.98
1.27%
After-hours: Aug 15, 2025, 06:02 PM EDT
VAC Delta Exposure By Expiry
The total Delta Exposure (DEX) for VAC across all expirations shows 15,434.23 net shares that market makers must hedge, with 39,840.06 from calls and 24,405.83 from puts. The put-call delta ratio of 0.61 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 8,359.57 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.
VAC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5,690.47 | -1,974.38 | 3,716.09 | 0.35 |
| Oct 17, 25 | 28,303.77 | -19,944.2 | 8,359.57 | 0.70 |
| Jan 16, 26 | 5,845.82 | -2,487.25 | 3,358.57 | 0.43 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |