Valaris Limited (VAL)
NYSE: VAL
· Real-Time Price · USD
45.14
-1.49 (-3.20%)
At close: Aug 15, 2025, 3:59 PM
45.38
0.53%
After-hours: Aug 15, 2025, 07:47 PM EDT
VAL Delta Exposure By Expiry
The total Delta Exposure (DEX) for VAL across all expirations shows 319,256.25 net shares that market makers must hedge, with 584,077.03 from calls and 264,820.78 from puts. The put-call delta ratio of 0.45 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 15, 27 with 122,147.4 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
VAL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 22,109.26 | -27,359.52 | -5,250.26 | 1.24 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 72,025.89 | -48,279.01 | 23,746.88 | 0.67 |
| Dec 19, 25 | 109,910.03 | -49,596.39 | 60,313.64 | 0.45 |
| Jan 16, 26 | 67,638.49 | -51,171 | 16,467.49 | 0.76 |
| Feb 20, 26 | 2,327.03 | -1,724.32 | 602.71 | 0.74 |
| Jun 18, 26 | 53,286.63 | -48,253.83 | 5,032.8 | 0.91 |
| Dec 18, 26 | 100,477.31 | -24,756.47 | 75,720.84 | 0.25 |
| Jan 15, 27 | 133,522.29 | -11,374.89 | 122,147.4 | 0.09 |
| Dec 17, 27 | 22,780.1 | -2,305.35 | 20,474.75 | 0.10 |