Valero Energy Corporation (VLO)
NYSE: VLO
· Real-Time Price · USD
136.34
0.52 (0.38%)
At close: Aug 15, 2025, 11:10 AM
VLO Delta Exposure By Expiry
The total Delta Exposure (DEX) for VLO across all expirations shows 696,228.58 net shares that market makers must hedge, with 2,932,842.81 from calls and 2,236,614.23 from puts. The put-call delta ratio of 0.76 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 632,182.21 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
VLO DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 43,310.7 | -50,816.75 | -7,506.05 | 1.17 |
| Aug 29, 25 | 25,573.7 | -41,928.65 | -16,354.95 | 1.64 |
| Sep 5, 25 | 12,113.56 | -12,223.11 | -109.55 | 1.01 |
| Sep 12, 25 | 8,524.93 | -2,669.02 | 5,855.91 | 0.31 |
| Sep 19, 25 | 1,038,561.06 | -406,378.85 | 632,182.21 | 0.39 |
| Sep 26, 25 | 3,227.14 | -989.09 | 2,238.05 | 0.31 |
| Oct 17, 25 | 141,053.48 | -115,307.18 | 25,746.3 | 0.82 |
| Dec 19, 25 | 447,989.97 | -387,539.42 | 60,450.55 | 0.87 |
| Jan 16, 26 | 673,203.15 | -740,609.91 | -67,406.76 | 1.10 |
| Mar 20, 26 | 109,136.6 | -86,375.01 | 22,761.59 | 0.79 |
| Jun 18, 26 | 166,760.49 | -113,839.57 | 52,920.92 | 0.68 |
| Sep 18, 26 | 9,341 | -6,108.78 | 3,232.22 | 0.65 |
| Dec 18, 26 | 69,302.83 | -94,846.96 | -25,544.13 | 1.37 |
| Jan 15, 27 | 162,055.28 | -164,079.51 | -2,024.23 | 1.01 |
| Dec 17, 27 | 22,688.92 | -12,902.42 | 9,786.5 | 0.57 |